From the FT:

The ideal interest rate for the US economy in current conditions would be minus 5 per cent, according to internal analysis prepared for the Federal Reserve’s last policy meeting. The analysis was based on a so-called Taylor-rule approach that estimates an appropriate interest rate based on unemployment and inflation. A central bank cannot cut interest rates below zero. However, the staff research suggests the Fed should maintain unconventional policies that provide stimulus roughly equivalent to an interest rate of minus 5 per cent. Fed staff separately estimated what size and type of unconventional operations, including asset purchases, might provide this level of stimulus. They suggested that the Fed should expand its asset purchases by even more than the $1,150bn (€885bn, £788bn) increase policymakers authorised at the last meeting, which included $300bn of Treasury purchases.
Could it be that most of the Fed's new facilities were implemented based on a desire to achieve effective monetary policy? No, because that doesn't conform to the media's narrative of the financial crisis, in which the Fed has been secretly bailing out its Wall Street fat cat friends.

3 comments:

Anonymous said...

Could it be that most of the Fed's new facilities were implemented based on a desire to achieve effective monetary policy? No, because that doesn't conform to the media's narrative of the financial crisis, in which the Fed has been secretly bailing out its Wall Street fat cat friends.Except that the Fed's policies have not been effective, and will not be effective. And, by the way, the result of these policies is to bail out Wall Street. That is a fact and it doesn't matter what the media narrative is.

Runescape Gold said...

Will it be that a majority of with the Fed's new amenities were being integrated with different desire to realize efficient fiscal plan? Zero, since it doesn't conform to the media's plot of the financial meltdown, the place that the Provided has been privately bailing out there it's Wall structure Block extra fat pussy-cat pals.

Cheapest RS Gold
Cheap Maplestory Mesos
Cheap Runescape Gold

Anonymous said...

Absolutely nothing GW2 Gemsis not logical or even irregular with regards to hoping govt budgetary exposures, tax assistance, and distorting interventions that need considering and authorized by simply Diablo III goldThe legislature concomitant using a purposeful open public question