FED MINUTES: MORE FED MEMBERS FAVOR EASING IF LOW GROWTH CONTINUES (QE-3)

TBI ^ | 8-22-2012 | Eric Platt

[blam]

FED MINUTES: MORE FED MEMBERS FAVOR EASING IF LOW GROWTH CONTINUES

Eric Platt
Aug. 22, 2012, 2:00 PM

UPDATE:

More Federal Open Markets Committee members say they favor additional quantitative easing if the economy cannot sustain growth, according to newly released minutes of the Fed's August meeting.

Here's the most important part of the release:

"A number of them indicated that additional accommodation could help foster a more rapid improvement in labor market conditions in an environment in which price pressures were likely to be subdued. Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery."

Data reviewed by the Federal Reserve, which did not include the unexpectedly strong July non-farm payrolls report, continued to show anemic growth and poor labor conditions in the U.S.

Weakness in Europe and developing regions continued to weigh on U.S. output, with Fed members attributing difficulty to slowing markets overseas.

However, the looming fiscal cliff in Congress also impacted growth in the U.S., slowing gains until perhaps as late as 2014.

"With the restraint from fiscal policy assumed to increase next year, the staff projected that increases in real GDP would not significantly exceed the growth rate of potential output in 2013," the minutes show.

Nonetheless, one member sitting on the Federal Open Markets Committee said U.S. growth was running near potential and that action from the country's central bank would do little.

Markets in the U.S. trimmed losses after the release of the minutes, with the Dow now off 50 points.

Economists have been split over the timing the committee would likely follow if deciding to increase stimulus measures, as the election

(snip)

----------------------

The Full Release:

[Admin Moderator]

http://www.popularmechanics.com/technology/military/news/4312850

[Mad Dawgg]

[Mad Dawgg]

"You post all kinds of discredited junk such as FEMA camp idiocy that was debunked years ago."

But, But, But, Alex Jones sez its true.... Besides I know it has to be true... after all.... I read it on the INTERNETS...

So, ya know...

[Mad Dawgg]

"ok, i’ll ask: who does the newly created money go to?"

I'll take some. I can stimulate the economy if they give me a couple billion.

I'll buy water to sell then dilute it and double my money!

[Toddsterpatriot]

Is your last name "Bank"? No? Well no free money for you!

Free money? What bank do you imagine is getting free money?

[humblegunner]

Many of those Bing links are to blogs.

Any retard can write any kind of nonsense on his blog.

Blogs have as much credibility as a pile of poo.