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In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed...

  • Wednesday, June 6, 2012, 8:16 PM ET
    In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest."
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This news story has 17 comments:

  •  
    Translation: We are suddenly losing in the race to the bottom... clear tubes 1,2,3 and 4... load with $ and fire when ready!!!
    6 Jun 2012, 08:23 PM Reply Like
  •  
    Eggzactly
    6 Jun 2012, 08:44 PM Reply Like
  •  
    Well said! Thanks for the laugh.
    6 Jun 2012, 09:34 PM Reply Like
  •  
    Geeze....it's hard to find a FED proponent on SA. Not that I am one - of course.
    6 Jun 2012, 10:41 PM Reply Like
  •  
    As a Bird-guy I can't resist saying "make that a triple omelette".
    (I mean I agree)........I wonder why the birds are looking nervous all of a sudden though?
    7 Jun 2012, 03:14 AM Reply Like
  •  
    How did this ding-a-ling ever get a position on the Fed?? How about a 25% pay and benefits cut for every Fed member and staffer for each 25% that they increase the Fed's balance sheet.
    6 Jun 2012, 08:39 PM Reply Like
  •  
    Throw Congressman onto that paycut as well.
    6 Jun 2012, 08:57 PM Reply Like
  •  
    Free money on every 7-9% pullback in the market. BTFD you just can't lose. Finally...the casino is rigged in our favor. BUY BUY BUY
    6 Jun 2012, 08:54 PM Reply Like
  •  
    Will there ever be a free market? Will it always be manipulated by sociopathic central planners and inept politicians? How did bailouts and endless money printing become the expected norm? I remember when I was a kid people were embarrassed if they had to be "bailed out" by someone else. What happened to the healthy idea that failure is the governor on stupidity? The whole system has devolved into a pathetic, greed driven sham.
    6 Jun 2012, 09:09 PM Reply Like
  •  
    http://bit.ly/LCaywv

    Remember: The Fed expects You to make money in any market, even one they manipulate. (/sarc)
    6 Jun 2012, 09:55 PM Reply Like
  •  
    The Fed is not just a systemic risk regulator, but a systemic risk creator.
    6 Jun 2012, 10:02 PM Reply Like
  •  
    The Fed's dual mandate:
    1. Employment: Get as many peasants as possibe working their butts off.
    2. Inflation: well.. there are basically two components to this; a) commodity prices and , b) wages. The Fed has explicitly distanced itself for any responsibility for commodity prices ( its "supply demand", "specuators", "geopolitical tensions" etc). Therfore - we can conclude their focus is on keeping wages down.
    In summary - the Feds mandate is to get the peasants working their butts off while making as little money as possible.
    6 Jun 2012, 10:17 PM Reply Like
  •  
    The Fed has a "dual mandate" but of course one cannot forget its overarching raison d'etre:
    " Ensure the survival and prosperity of the large banks - at all costs"
    The dual mandate of keeping the peasants productively occupied earning peanuts is secondary.
    6 Jun 2012, 10:20 PM Reply Like
  •  
    Bank Executive etiquette:
    1. its Ok to be stylishly self-deprecatory " Nobody is perfect", "we screwed up" etc are perfectly OK.
    2. But never ever are they to be considered antisocial, predatory and indulging in scummy criminal underhanded and cowardly acts.

    Mama fed would not like (2) but smiles indulgently at (1)
    6 Jun 2012, 10:26 PM Reply Like
  •  
    Heroes .. after all .. are .. well "heroic" .. by definition. And they must be protected and coddled at all costs .. because where would we be without out our heroic bankers?
    6 Jun 2012, 10:29 PM Reply Like
  •  
    And .. Heroes cannot be judged by the rules and laws that apply to ordinary mortals ( "peasants").
    The nation breathlessly awaits news of the bonuses and partner promotions of the Heroes this season.
    6 Jun 2012, 10:39 PM Reply Like
  •  
    Why is everyone focusing on the speech and not taking this one from Richard Fisher, given yesterday, in to account?

    http://bit.ly/Lvg3e2
    7 Jun 2012, 12:51 AM Reply Like
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