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The Fed will not respond in a "hasty manner" to good news on growth, says FRBNY President...

The Fed will not respond in a "hasty manner" to good news on growth, says FRBNY President Dudley, reiterating the central bank's intention to continue with QE and ZIRP even after the economy picks up. As for the puny yields at the long end of the Treasury curve, they're not a bubble, he says. Feel better?
Comments (5)
  • No, I don't feel better, but his comments illustrate the key flaw of Keynesianism: It's very easy to launch the "stimulus." But there's never a day to do the counter-punch.

     

    Well, no matter...because, you see, in the long run we are all...
    15 Oct 2012, 09:07 AM Reply Like
  • Comical commentary from Dudley. The Fed is loosing credibility in my mind.
    15 Oct 2012, 09:09 AM Reply Like
  • Is this all a joke?
    15 Oct 2012, 09:11 AM Reply Like
  • "Good news on Growth" Huh? Did I miss something? Seems like the whole world is lowering GDP forecasts.
    15 Oct 2012, 09:14 AM Reply Like
  • ""The Fed will not respond to news or data that doesn't fit its preconceptions and biases," says FRBNY President Dudley, reiterating the central bank's intention to continue doing the same thing over and over again while hoping for different results each time."

     

    There. Fixed it for you.
    15 Oct 2012, 09:14 AM Reply Like
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