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Market Currents

Wednesday, September 30, 2009
12:42 PM TweetThis
  • Fed Vice Chairman Donald Kohn on exit strategy: Unwinding unusual policies takes time, so it will be based on forecasts rather than current conditions. "Clearly, the present degree of accommodation ... is extraordinary." Fed has the tools, including paying interest on reserves, which will allow short-term rate hikes even with high quantity of assets - but rates to remain low for extended period. Lending programs are winding down with improving conditions, as designed.
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This news story has 2 comments:

  •  
    The same dolts that did not see a credit and housing bubble of epic proportions. This guy along with his crony friends at the fed are pathetic.
    It is time to replace all these MFers with some people that are independent thinkers not putzes.
    Sep 30 01:13 PM | Link | Reply
  •  
    Is it just me, or is the fed doing an excessive amount of jaw-boning to assure the saving, borrowing and investing public that interest rates will be raised in a timely fashion and that inflation will be avoided?

    As in, they obviously see inflationary pressures but lack the will-power to do the right thing so they collectively decided to jaw-bone and hope for the best.
    Sep 30 03:00 PM | Link | Reply
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