Thursday, Apr 12, 2007
Please don't sell any more Dollars!!!
BBC: Inflation is Fed's 'top concern'
The US Federal Reserve sees inflation as the "predominant concern" for the US economy, minutes from its latest rate-setting meeting have shown.
Posted by tyrellcorporation @ 10:32 AM (140 views) Add Comment
2 Comments
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1. Shipbuilder said...
"Overall the Fed members said they expected economic growth to improve later in the year and inflation to abate."
Sound familiar? As the Americans say, enough already! When will we stop hearing this unsubstantiated nonsense? It's constantly rolled out as a tag line to every economic article as some sort of accepted truth. I have never seen reasoning to back it up. As has been pointed out elsewhere, saying it enough times ain't gonna make it happen.
2. harold said...
The US Federal Reserve sees inflation as the "predominant concern"
Yeah, right. What a load of total bull. With the $ falling to 2-year lows against the euro, they've finally realised that printing all that money was not such a great idea afterall.
In addition to producing money, the Fed is a lie and spin factory. Let's not forget, these guys rob millions of people of their labour and savings, and cream off the wealth.