US Federal Reserve remains cautious on economic recovery..pump pump pump
http://www.bbc.co.uk/news/business-21868730
The US Federal Reserve has said that the economy has strengthened “moderately” but still needs stimulus measures to underpin recovery.
In a statement after a two-day meeting, the Fed said it would keep its policy of buying $85bn a month of Treasury bonds and mortgage-backed securities.
The Fed said it wanted to see signs of a long-term fall in unemployment.
The statement said policymakers continued “to see downside risks to the economic outlook”.
The forecast for US economic growth this year was lowered slightly, with the Fed saying it expected the economy to grow by 2.3% to 2.8% this year, against its December projection of 2.3% to 3%.
The Fed noted that the job market had improved, consumer spending and business investment had increased and the housing market had strengthened.
But it did not expect unemployment to fall to 6.5%, from its current 7.7%, until 2015.
———–
i wondered why the dow shot up 100 points yesterday..more cash printing..of course..
i think its $65B a month in bonds they are buying..thats pure debt they are buying..lol?
401
Jct: You’ve got to stop talking about “pump pump money” as a problem when it’s the interest on top of the pumped pumped money that’s missing, we can pay back all the pumped money they loan out, we just can’t pay back the money they didn’t loan out. We’ve got to disabuse people of the notion that we can’t print new chips or it would cause inflation. Printing new chips backed up by new wealth fights inflation of the old chips backed by less.
If the pumping of money is pure pixelation and its not being spent on job creation or infrastructure but is only spent on buying debt, isn’t that a problem? Serious question.