Posted on 06/29/2012 11:53:29 AM PDT by Oldeconomybuyer
Federal Reserve officials on Friday said they were keeping an eye out for any signs that slowing growth is raising deflation risks but differed on how worrisome sluggish job markets are for the modest U.S. economic recovery.
New York Federal Reserve Bank President William Dudley, a close ally of the U.S. central bank's chairman, Ben Bernanke, said he had modestly lowered his expectations for inflation in coming months.
He said he would need to see more information on the U.S. jobs market and the unfolding of the European sovereign debt crisis before having a clearer sense of the health of the U.S. economy.
A permanent voter on the Fed's policy-setting panel, Dudley said employment growth has "slowed considerably of late" as the economy has lost momentum.
(Excerpt) Read more at in.reuters.com ...
Its Europe’s fault.
Meanwhile, 0bama is on the golf course and planning his next luxury vacation.
We obviously need more Monetary Cowbell!
okay, I give, what’s a cowbell in reference to?
Bad economic news causes a stock market rally because it means QE is coming...
That’s about the clearest sign that our economy is a government fantasy.
Sorry Federal fools, socialist countries never prosper.
In a week, we’re going to see yet another miserable jobs picture. And the sheeple will exclaim, “Damn that Bush!!”
G.W. is the modern version of Snowball.
It refers to a skit on Saturday Night Live. The skit was in the style of MTV’s “Behind the Music” concerning the recording of Blue Oyster Cult’s song “Don’t Fear the Reaper”. The producer, played by Christopher Walken, keeps interrupting saying he wants “more cowbell” from a percussionist sitting in with the group.
The phrase “more cowbell” has come to mean a more aggressive attitude or effort.
thank you!
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