"We are in uncharted waters," says the Cleveland Fed's Sandra Pianalto, again trying to make the...


"We are in uncharted waters," says the Cleveland Fed's Sandra Pianalto, again trying to make the case for slowing the Fed's asset purchases. A reduced pace, she says, would minimize risks of overdoing it while still providing accommodation. So $85B is too much, but something in the area of, say, $50B is just right. Oh to spend our days running an economy from a university faculty lounge.

Comments (1)
  • WMARKW
    , contributor
    Comments (10787) | Send Message
     
    Wow - according to the translation app on my phone that means,

     

    "We haven't got a clue what's going on and we're just making it up as we go. If you are following us......good luck."
    8 Apr 2013, 06:07 PM Reply Like
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