FOMC Minutes: A "number" on the FOMC favored beginning a tapering of QE as early as June, but...


FOMC Minutes: A "number" on the FOMC favored beginning a tapering of QE as early as June, but the committee as a whole decided more progress on the economy is needed first. A few participants expressed concern inflation is under target and say future price developments must be carefully watched. One member wanted to boost asset purchases, while one wanted tapering to begin immediately.
Comments (12)
  • Aristiphones
    , contributor
    Comments (1325) | Send Message
     
    they're turning into the Supreme Court now. it's the "i gotta be me" ruling.
    22 May 2013, 02:27 PM Reply Like
  • caupachow
    , contributor
    Comments (523) | Send Message
     
    this is a joke, we all know the minute (second) they actually implement any tightening this ship is sunk. doubling of QE coming soon to a country near you.
    22 May 2013, 03:00 PM Reply Like
  • Zenith Strategies
    , contributor
    Comments (685) | Send Message
     
    I had the impression that the inflation and employment targets were supposed to create a more transparent and unified voice? Increase or decrease purchases should be a given since the formula is a matter of mathematics.
    22 May 2013, 03:23 PM Reply Like
  • Jason Burack
    , contributor
    Comments (2146) | Send Message
     
    There is conflicting data from different sources. The BLS data is rosy (lies and propaganda) while data from other sources like PMI, Fed surveys, says the economy is slowing. I think most of the positive data is spun at the minimum. Most of the industries in the US recovering, besides certain tech industries, are still getting LOTS more free money from Congress or the Fed.
    22 May 2013, 05:08 PM Reply Like
  • june1234
    , contributor
    Comments (4342) | Send Message
     
    try planning a picnic around these peoples weather reports
    22 May 2013, 03:26 PM Reply Like
  • Financehulligan
    , contributor
    Comments (1056) | Send Message
     
    Bernanke: No one knows fair-value of an asset.

     

    Bernanke: FED see no signs of asset bubble in the market although it is traded all time high and we do see no revocery of the economy

     

    ??
    22 May 2013, 03:58 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10039) | Send Message
     
    The usual explanation from a frustrated Bear
    22 May 2013, 04:15 PM Reply Like
  • Fracjob
    , contributor
    Comments (2120) | Send Message
     
    What if something similar was said by a fat bull? Greed needs to be tempered with a bit of fear.
    23 May 2013, 02:32 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10039) | Send Message
     
    @ Frac
    " Greed needs to be tempered with a bit of fear". - Always

     

    The secret is knowing when and how to apply those emotions to profits.

     

    Not always EZ,
    23 May 2013, 09:31 AM Reply Like
  • sa_member_756157
    , contributor
    Comments (1364) | Send Message
     
    Probably a controlled market burn down in order to "do something" for Wall St. that will satisfy the major banks who are participating with the fed globally.
    22 May 2013, 04:35 PM Reply Like
  • winningtrader
    , contributor
    Comments (2459) | Send Message
     
    Some of the committee felt that they would like to have a sandwich. Others preferred a burger. At least one member of the committee needed to go to the toilet.
    22 May 2013, 05:39 PM Reply Like
  • mrmedusa
    , contributor
    Comments (576) | Send Message
     
    And he paid a dime, and only farted.
    22 May 2013, 08:44 PM Reply Like
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