The weak August jobs data makes action from the Fed "a sure thing," observes RBS economist...

|By:, SA News Editor

The weak August jobs data makes action from the Fed "a sure thing," observes RBS economist Michelle Girard. Unfortunately, she thinks Mr. Bernanke will choose to simply extend the duration of the Fed's portfolio in an effort to bring long-term rates down - despite the fact that long-term rates are already negligible and resulted in zero job creation.