Fed holds off ... rate hike, downgrades economic forecast
Jun 17, 2015 16:39:45 GMT -6
Nugget, 727sky, and 7 more like this
Post by Deleted on Jun 17, 2015 16:39:45 GMT -6
Hmmm.... I guess even Obama and all his Chefs can't cook the books enough to cover that one.....
Source
...and so it begins. The first brick in the wall, showing itself a little different from the rest.
She's in a bad spot there, actually. The Fed has been right in the middle of the smoke, mirrors and B.S. that has run our national debt up into pure funny money ranges since 2007 (no typo..I meant 2007 and when it really began under Bush).
She was appointed to the Chairmanship in 2014. So she'll have two years to face the world and American public from a real hot seat, without the big guy handing out 'get out of hearings free' cards. Who knows which side wins this next time, and while both sides are on the tracks to the same bad place..they do take distinctly different ways to get there for how the scenery looks.
I figure she has to hedge enough so she isn't outright criminally negligent under a new President who isn't in the mood for the last one's cooking exploits. She probably came closer to the truth there than we've heard before, IMO.
She's also no babe in the woods..so no one can say 'she inherited it', unless you inherit your own deeds directly (Look at her BIO dates and positions). She has to start CYA as one who isn't getting out when Obama does. Hmm... Interesting...
Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it.
Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.
If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.
Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.
If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.
...and so it begins. The first brick in the wall, showing itself a little different from the rest.
She's in a bad spot there, actually. The Fed has been right in the middle of the smoke, mirrors and B.S. that has run our national debt up into pure funny money ranges since 2007 (no typo..I meant 2007 and when it really began under Bush).
She was appointed to the Chairmanship in 2014. So she'll have two years to face the world and American public from a real hot seat, without the big guy handing out 'get out of hearings free' cards. Who knows which side wins this next time, and while both sides are on the tracks to the same bad place..they do take distinctly different ways to get there for how the scenery looks.
I figure she has to hedge enough so she isn't outright criminally negligent under a new President who isn't in the mood for the last one's cooking exploits. She probably came closer to the truth there than we've heard before, IMO.
She's also no babe in the woods..so no one can say 'she inherited it', unless you inherit your own deeds directly (Look at her BIO dates and positions). She has to start CYA as one who isn't getting out when Obama does. Hmm... Interesting...
