Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $29,864
Woo hoo!! And the first 33% is in!! Thank you all very much!! God bless.

Keyword: fomc

Brevity: Headers | « Text »
  • Traders Exercise Caution Ahead of Fed Meeting

    09/14/2015 7:16:35 AM PDT · by citizen · 11 replies
    FOX Business ^ | September 14, 2015 | Victoria Craig
    U.S. equity markets were lower Monday morning as traders anxiously awaited this week’s Federal Open Market Committee meeting. As of 9:50 a.m. ET, the Dow Jones Industrial Average fell 81 points, or 0.50% to 16350. The S&P 500 shed 8 points, or 0.45% to 1952, while the Nasdaq Composite declined 16 points, or 0.33% to 4806. Today’s Markets Wall Street waited with bated breath for the outcome of the Federal Reserve’s two-day, policy-setting meeting this week, which begins Wednesday and ends with a statement on monetary policy the day after. In recent weeks, forecasts for a September rate hike have...
  • Justice Department Rolls Out An Early Form Of Capital Controls In America

    03/21/2015 7:27:08 AM PDT · by Cheerio · 62 replies
    Zero Hedge ^ | 03/20/2015 | Tyler Durden
    Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the "all important" FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR "evil empire", or all three. This is how the WSJ explained it: The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer.
  • Hilarious Transcripts of Fed Minutes Reveal Completely Clueless Fed

    02/22/2014 7:30:49 AM PST · by Kaslin · 10 replies ^ | February 22, 2014 | Mike Shedlock
    Today the Fed released minutes of meetings at the start and during the great financial crisis. These minutes show how clueless the Fed Governors were at the start of the recession. Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. There was much more gloom in the early minutes than I show below. Yet, the consensus opinion, even though the recession had already started, was that a recession would be avoided.Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008The January 29-30 transcript was a...
  • FOMC Minutes Show Fed Members Expect More Unsterilized Monetization After Twist Ends, As Expected

    11/14/2012 11:43:18 AM PST · by ExxonPatrolUs · 6 replies
    Zero Hedge ^ | 11-14 | Tyler Durden
    In what should be news to precisely nobody (especially our readers, for whom we laid out the next Easing steps very clearly on the day QEternity was announced, including the continuation of Twist after December 31, 2012 at which point the Fed would merely monetize long-dated paper without selling short-end, i.e. unsterilized), the just released FOMC minutes indicated that "a number" of FOMC members favored more (infiniter) QE after the end of Twist. In other words, the Fed will have to continue monetizing the long-end of the Treasury issuance in lieu of other willing buyers. Recall that the Fed is...

    08/22/2012 1:54:30 PM PDT · by blam · 25 replies
    TBI ^ | 8-22-2012 | Eric Platt
    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...
  • LIBOR: A Question of Trust

    07/20/2012 7:32:26 AM PDT · by Brown Deer · 1 replies
    Edwin M. Truman explains why the spreading LIBOR scandal has the potential of raising new doubts over the reputations for honesty of many large financial institutions.
  • U.S. Economy Waist Deep In The Big Muddy (Peter Schiff)

    01/28/2012 7:21:04 AM PST · by blam · 22 replies · 1+ views
    The Market Oracle ^ | 1-28-2012 | Peter Schiff
    U.S. Economy Waist Deep In The Big Muddy Economics / US Economy Jan 28, 2012 - 02:50 AM By: Peter Schiff With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transparency, Ben Bernanke has instead laid out a simple road map for economists and investors to follow. The signposts are easily understood: the Fed will stop at nothing in pursuing its goals of creating phantom GDP growth, holding...
  • The Fed Is Worried -- And You Should Be Too

    01/26/2012 7:06:00 PM PST · by blam · 17 replies · 1+ views
    TBI - Comstock Partners ^ | 1-26-2012 | Comstock Partners
    The Fed Is Worried -- And You Should Be Too Comstock Partners January 26, 2012The Fed is worried, and you should be too. That is the major take-away from yesterday's FOMC statement, combined with its release of updated projections and Bernanke's press conference. Despite the market's cheering of the promise of a near-zero fed funds rate until late 2014 and the prospect of QE3, the Fed is fighting a lonely battle against severe economic headwinds----and they know it. In answering a reporter's question, Bernanke made it crystal-clear that he does not believe that the recently optimistic economic releases are sustainable....
  • In Fed Officials’2006 Meetings,No Deep Worry on Housing[Elegant as Eiffel Tower, Paris or Vegas]

    01/12/2012 5:56:10 PM PST · by fight_truth_decay · 6 replies · 2+ views
    NYTimes ^ | January 12, 2012 | BINYAMIN APPELBAUM
    WASHINGTON – The desperation of homebuilders was a running joke among top Federal Reserve officials during the waning phase of the housing bubble in 2006, according to transcripts released Thursday. They laughed about the cars that builders were giving to buyers. They laughed about efforts to make empty homes look occupied. They laughed at a report that one builder said inventory was rising “through the roof.”
  • Federal Reserve Board Open Market Committee - Press Release

    12/15/2010 9:03:14 AM PST · by DannyTN · 2 replies
    Federal Reserve Press Release ^ | December 14, 2010 | Federal Reserve Press Release
    Press Release Federal Reserve Press Release Release Date: December 14, 2010 For immediate release Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment. Household spending is increasing at a moderate pace, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak. Employers remain reluctant to add to payrolls. The...
  • Fed's policy remains: Hope for the best

    04/28/2010 12:40:58 PM PDT · by mlocher · 10 replies · 183+ views
    Market Watch via ^ | April 26, 2010 | Market Watch
    WASHINGTON (MarketWatch) -- The U.S. economy may be strengthening, but the Federal Reserve is in no rush to change its ultra-accommodative policy. Following a two-day meeting on Wednesday, the Federal Open Market Committee once again laid out its cautiously optimistic view of the economy. The economy "continued to strengthen," but the slow and fragile recovery will require exceptionally low interest rates for some time to come, the central bankers said. The statement recited the usual list of pros and cons in the economy. On the good side of the ledger: stronger growth, subdued inflation, improving labor markets, rising consumer spending...
  • Fed to extend "extended period"

    04/25/2010 4:18:58 PM PDT · by mlocher · 3 replies · 370+ views
    Reuters via ^ | April 25, 2010 | Pedro Nicolaci da Costa
    WASHINGTON (Reuters) - With official interest rates near zero and the Federal Reserve unable to cut them any further, every policy meeting by definition brings the central bank one step closer to an eventual monetary tightening. As signs of firmer U.S. growth become more widespread, investors are getting antsy about anticipating the Fed's next move, a guessing game sure to gather momentum as the Federal Open Market Committee holds a two-day meeting this week. Much of the discussion in the markets now centers upon how soon the Fed will abandon a commitment to keep rates really low for an "extended...
  • Worsening economy forced FOMC's hand: minutes

    04/09/2009 6:19:01 AM PDT · by AngieGal · 226+ views
    MarketWatch ^ | April 8, 2009 | Rex Nutting
    A significantly worsening economic outlook forced the Federal Reserve's hand in mid-March, leading the Federal Open Market Committee to commit to buy up to $1.25 trillion in long-term assets to goose the economy and prevent a slide into deflation, according to minutes of the March 17-18 meeting released Wednesday. The summary of the meeting indicates little debate among the FOMC members on the question of buying longer-term Treasurys, with the major disagreement coming over how much to buy. All members of the committee agreed that "substantial additional purchases of longer-term assets ... would be appropriate," the minutes said. "Members agree...
  • Rate Cuts Could Lead to Ugly Inflation Woes

    09/08/2007 8:50:50 AM PDT · by frithguild · 29 replies · 700+ views
    Trend/Marcolytics/ ^ | September 7, 2007 | Don Luskin
    LAST WEEK I made the bold, if not downright crazy, prediction that that the Federal Reserve would not cut interest rates at the upcoming FOMC meeting on Sept. 18, despite widespread panic in credit markets. But then again, it probably seemed crazy when I said to buy stocks three weeks ago when it looked like they were going to zero. At this point stocks have recovered half their losses in this correction, and stand less than 5% below all-time highs. I still love stocks here. But as we get closer and closer to the FOMC meeting day, I'm getting more...
  • Fed's Poole says no need for emergency rate cut

    08/16/2007 5:46:04 AM PDT · by facedown · 37 replies · 579+ views
    Yahoo Finance ^ | August 16, 2007 | Reuters
    WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President William Poole said on Wednesday financial market turmoil had not undermined the U.S. economy and there was no need for the central bank to ride to the rescue with an emergency rate cut. "It's premature to say that this upset in the market is changing the course of the economy in any fundamental way," he said in an interview with Bloomberg. "Obviously, there could be an impact, but we have to rely on some real evidence." Global stock markets have fallen sharply as investors increasingly shy away from risky assets amid...
  • The Global Fed

    08/15/2007 9:23:37 PM PDT · by gpapa · 4 replies · 359+ views ^ | Robert D. Novak
    WASHINGTON -- Prior to the recent global financial crisis, the Federal Reserve Board under Chairman Ben S. Bernanke was ready to take a subtle step toward easier money in order to stave off U.S. recession fears. Ready for approval in the immediate future was a new Federal Open Market Committee (FOMC) statement taking the central bank off neutrality and putting it on a bias for an interest rate cut. But international credit scares changed all that. The Fed and other central banks moved quickly and in unison last Friday to pump more cash into financial systems, successfully stabilizing markets made...
  • Fed Releases June Minutes

    07/20/2006 12:37:52 PM PDT · by Sean Flynn · 3 replies · 209+ views
    WASHINGTON -- U.S. Federal Reserve policy makers meeting last month were all concerned by higher core inflation, but most expected inflation to ease, according to the June 28-29 meeting minutes released Thursday. "With inflation expectations contained and unit labor costs held down by ongoing gains in productivity and modest advances in compensation, inflation was seen by most participants as likely to edge down," according to Federal Open Market Committee minutes, released after a customary three-week lag. (Full text ) The FOMC voted unanimously on June 29 to raise the federal funds rate by a quarter percentage point for 17th straight...
  • Possible FOMC Action

    06/28/2006 1:10:20 PM PDT · by Sean Flynn · 19 replies · 504+ views
    As the US Federal Reserve prepares for its latest decision on interest rates, most analysts predict it will announce a further rise on Thursday. With its rate-setting Open Market Committee sitting down for two days of talks, the Fed is expected to increase rates by another 0.25% to 5.25%. This would be the 17th rise in a row, putting rates at a new five-year high. Commentators point to the fact that Fed chairman Ben Bernanke has already warned that inflation is a concern. He said at the start of this month that recent increases in inflation - triggered by rising...
  • A Katrina Recession? (The economic consequences of the hurricane)

    09/12/2005 7:13:25 PM PDT · by RWR8189 · 9 replies · 812+ views
    The Weekly Standard ^ | September 26, 2005 | Irwin M. Stelzer
    WE DO NOT YET KNOW enough to make a definitive estimate of the amount of time it will take to get the pipelines pumping at full capacity, all of the refineries up and running, the port operating on a normal basis, and other parts of the Gulf Coast economic structure back into pre-Katrina shape. But we know a lot more than we did in the first days after the storm.We know that, unlike the local residential sector, the nationally important economic infrastructure will recover surprisingly quickly. This reflects, at least in part, the unambiguous incentive that the private sector oil,...
  • NYT: Before Katrina, the Economy Was Doing Fine - If you can't say something bad, don't say it.

    09/08/2005 6:25:53 AM PDT · by OESY · 31 replies · 958+ views
    New York Times ^ | September 8, 2005 | AP
    Factories were chugging, cash registers were busy and jobs were growing in the late summer - fresh proof that the economy was in fine fettle before Hurricane Katrina struck the Gulf Coast, spreading death and destruction. The Federal Reserve's latest snapshot of business conditions around the country, released Wednesday, was taken before last week's hurricane. Private economists and the Congressional Budget Office predicted that fallout from the storm would cause overall economic activity to slow in the second half of this year by one-half to a full percentage point on an annualized basis. Jobs also are expected to take a...
  • WSJ: So This Is a Weak Economy? - We're on the right path, but need more structural improvements.

    06/28/2005 5:14:12 AM PDT · by OESY · 8 replies · 701+ views
    Wall Street Journal ^ | June 28, 2005 | DAVID MALPASS
    ...The U.S. expansion has been strong and steady despite the warnings of fragility, the repeated claims of a slowdown, and the fear of China (as intense as the Japan fears of the 1980s). U.S. growth has averaged a fast 3.9% pace since the initial 7.4% tax-cut-related growth celebration in the third quarter of 2003. Thanks in large part to smaller businesses, U.S. unemployment has fallen to 5.1%, with wage and salary income growing at a 10% annual rate in the revised fourth-quarter data. Beyond housing, household liquid assets have increased more than both total debt and foreign debt, helping build...
  • Low Rates Could Be Around for Long Term

    06/26/2005 11:12:49 PM PDT · by RWR8189 · 39 replies · 1,218+ views
    New York Times ^ | June 27, 2005 | EDMUND L. ANDREWS
    WASHINGTON, June 26 - Federal Reserve officials, who meet this week, are beginning to suspect that the perplexing decline in long-term interest rates is more than a temporary aberration. The possibility has major implications for the economy, and it creates new puzzles for Fed officials on how they should respond. On Thursday, the Fed is all but certain to raise the federal funds rate on overnight loans between banks by another quarter point, to 3.25 percent. That would be the ninth increase in the last year, and the central bank is expected to signal that it will continue to raise...
  • WSJ: A Paradox of Interest - Why long-term rates remain low despite Fed tightening

    06/23/2005 5:33:24 AM PDT · by OESY · 4 replies · 595+ views
    Wall Street Journal ^ | June 23, 2005 | R. GLENN HUBBARD
    The increasing attention paid to growing U.S. current account deficits has bred nightmare scenarios of a sharp decline in the foreign-exchange value of the dollar and rising U.S. interest rates. Financial markets, by contrast, appear more sanguine. Inflation-indexed bonds in the U.S. are yielding only about 1.5% in real terms, and the IMF's estimate of the long-term world real interest rate is about 2%. Capital markets rightly estimate low current real rates of interest, though the outcome affords little comfort. Alan Greenspan has termed the fall in long-term rates in the presence of a rising federal funds rate a "conundrum."...
  • U.S. futures markets see Fed pausing this summer

    04/15/2005 8:23:56 AM PDT · by SierraWasp · 9 replies · 1,581+ views (Dow Jones) ^ | 04/15/05 | Rex Nutting
    10:23am 04/15/05 U.S. futures markets see Fed pausing this summerBy Rex Nutting WASHINGTON (MarketWatch) -- The Federal Open Market Committee will probably raise interest rates a couple more times before pausing this summer, according to futures markets. Following stagflationary data released on Friday, the federal funds futures market at the Chicago Board of Trade was predicting a 3.43% fed funds rate in September, down from the 3.50% expected on Thursday. The market still sees quarter-point rate hikes in May and June, but there's a growing perception that the Fed will pause in either August or September. The fed funds rate...
  • Greenspan says deficits may ease

    02/04/2005 9:12:59 AM PST · by SierraWasp · 26 replies · 462+ views
    CBS ^ | 2/4/05 | Gregory Robb
    Greenspan says deficits may easeBy Greg Robb, MarketWatch Last Update: 11:46 AM ET Feb. 4, 2005 WASHINGTON (MarketWatch) -- A confluence of market pressure and fiscal restraint may dampen the U.S. current-account deficit in the coming months, Federal Reserve Chairman Alan Greenspan said Friday. In a speech prepared for delivery Friday to a conference in London, Greenspan said market pressures "appear poised to stabilize and over the longer run possibly to decrease the U.S. current-account deficit and its attendant financing requirements." Read full text of Greenspan's remarks. He said there is growing support in Washington for cutting the federal budget...
  • FOMC Raises Federal Funds Rate 25 Basis Points to 2.25%

    12/14/2004 11:16:34 AM PST · by RWR8189 · 41 replies · 2,275+ views
    CNBC | December 14, 2004
    In the fifth tightening of US monetary policy in as many meetings, Alan Greenspan and the Federal Open Market Committee (FOMC) raised the Federal Funds Rate target 25 basis points to 2.25%, as expected. More...
  • WSJ: Greenspan's $40 Oil

    12/14/2004 5:36:29 AM PST · by OESY · 1 replies · 788+ views
    Wall Street Journal ^ | December 14, 2004 | Editorial
    What a difference a news leak from the Federal Reserve makes. Ever since this newspaper ran its December 2 page-one article, "Fed View Shifting on Inflation: Rate Rises Likely," the world's leading indicators of future prices have been heading back down. David Malpass of Bear Stearns points out that gold has since dropped to $434 or so from a peak of $456, oil is back down to $41 a barrel and the dollar has been firmer in currency markets. Amazing how that works: The Fed finally signals that it is going to print fewer dollars, and inflation expectations begin to...
  • FOMC Raises Federal Funds Rate 25 Basis Points to 2.00%

    11/10/2004 11:16:10 AM PST · by RWR8189 · 19 replies · 2,171+ views
    CNBC | November 10, 2004
    In the fourth tightening of US monetary policy in as many meetings, Alan Greenspan and the Federal Open Market Committee (FOMC) raised the Federal Funds Rate target 25 basis points to 2.00%, as expected. More...
  • FOMC Raises Federal Funds Rate 25 Basis Points to 1.50%

    08/10/2004 11:15:32 AM PDT · by RWR8189 · 66 replies · 2,965+ views
    CNBC | August 10, 2004
    In the second tightening of US monetary policy since May of 2000, Alan Greenspan and the Federal Open Market Committee (FOMC) raised the Federal Funds Rate target 25 basis points to 1.50%, as expected. More...
  • FOMC Raises Federal Funds Rate 25 Basis Points to 1.25%

    06/30/2004 11:19:20 AM PDT · by RWR8189 · 61 replies · 690+ views
    CNBC | June 30, 2004
    In the first tightening of US monetary policy since May of 2000, Alan Greenspan and the Federal Open Market Committee (FOMC) raised the Federal Funds Rate target, from its 46 year low, 25 basis points to 1.25%. More...
  • Investor Optimism Surges Even as Inflation Fears Grow

    06/28/2004 1:14:26 PM PDT · by RWR8189 · 8 replies · 223+ views
    Gallup News Service ^ | June 28, 2004 | Dennis Jacobe
    So why do investors oppose using higher interest rates to battle inflation?PRINCETON, NJ -- Six in 10 investors say inflation is a serious problem and 9 in 10 say the price of energy, including gas and oil, is hurting the investment climate, according to the June UBS/Gallup Index of Investor Optimism survey. Even more significantly, nearly half of all U.S. investors are worried that inflation will hurt their investment portfolios. So, why did June investor optimism reach its highest level in four months? And, why do nearly two in three investors oppose higher interest rates? The answer may be that...
  • The Economy Line: Rising Spending, Income, Wages And Salaries

    06/28/2004 12:49:14 PM PDT · by RWR8189 · 1 replies · 224+ views
    George W. Bush ^ | June 26, 2004
    Consumer Spending Increases At Highest Rate Since 2001.  "Consumer spending rose by the largest amount in 2-1/2 years last month but inflation accounted for half the increase, the government said Monday, cementing expectations that the Federal Reserve will raise interest rates this week. Personal spending was up 1.0% in May, the Commerce Department said, beating forecasts for a 0.8% gain and the biggest advance since October 2001's 2.4% rise." ("Consumer Spending Surges In May, Prices Up," Reuters, 6/28/04)Personal Income, Wages And Salaries Rise.  "Disposable income, or the money left over after taxes, increased 0.6 percent for a second month. Wages...
  • Greenspan says Fed ready to act on inflation

    06/08/2004 5:16:03 PM PDT · by nickcarraway · 10 replies · 215+ views
    Financial Times ^ | June 8 2004 | Christopher Swann and Anna Fifield
    Alan Greenspan, the chairman of the Federal Reserve, on Tuesday indicated that interest rates might have to rise faster than expected to keep inflationary pressures under control. Speaking from Washington via satellite link to a conference in London, Mr Greenspan said he remained confident that the Fed could afford to remove monetary stimulus from the US economy gradually but that he was ready to take stronger action if necessary. Although the reaction in financial markets was muted, economists said the comments marked a significant shift in Fed rhetoric, with inflation starting to take center stage. "The [Fed's] committee is of...
  • Will the Fed lose its patience?

    05/03/2004 1:41:46 PM PDT · by RWR8189 · 3 replies · 133+ views
    CNN/Money ^ | May 3, 2004 | Chris Isidore
    Central bank not seen raising rates Tuesday but FOMC likely to signal that a rate hike is coming. NEW YORK (CNN/Money) - Economists will be shocked if the Federal Reserve were to change interest rates Tuesday, but most are convinced the central bank's policy makers will do so soon. The Fed's Open Market Committee meeting Tuesday is its first since recent economic reports showed the highest jobs expansion and inflationary pressure in several years. But even with rates near four-decade lows, economists believe it's too soon to expect the Fed to shake up the market with a sudden rate...
  • Monetary Policy under Uncertainty

    08/30/2003 8:15:48 AM PDT · by Starwind · 28 replies · 241+ views
    The Federal Reserve Board ^ | August 29, 2003 | Alan Greenspan
    Remarks by Chairman Alan Greenspan At a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming August 29, 2003Monetary Policy under Uncertainty Uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape. As a consequence, the conduct of monetary policy in the United States at its core involves crucial elements of risk management, a process that requires an understanding of the many sources of risk and uncertainty that policymakers face and the quantifying of those risks when possible. It also entails devising, in light of...
  • FED WATCH: Wall Street Sticks To Fed Bets Post Greenspan

    04/30/2003 12:10:42 PM PDT · by Starwind · 3 replies · 185+ views
    Dow Jones Newswires | April 30, 2003 | Michael S. Derby
    FED WATCH: Wall Street Sticks To Fed Bets Post Greenspan By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Testimony Wednesday by Federal Reserve Chairman Alan Greenspan proved to be a big disappointment for economists hoping for new clues on the direction of monetary policy. Both in prepared remarks and through several hours of questioning before the House Financial Services Committee, Greenspan effectively told Wall Street what he's been saying for a long time: while growth should improve later this year, it's still to soon after the Iraq war to get a solid read on the economy's strength....
  • FED WATCH: Looking For Clues, Just Like Everybody Else

    04/16/2003 2:34:48 PM PDT · by Starwind · 2 replies · 172+ views
    Dow Jones Newswires | April 16, 2003 | Michael S. Derby
    FED WATCH: Looking For Clues, Just Like Everybody Else By Michael S. Derby of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Federal Reserve officials are finding themselves in the same boat as private sector economists as they try to figure out where the economy's heading. In a limited number of speeches since the conclusion of the major fighting in the Iraq war, several Fed policy makers have said they're hopeful better days lie ahead for the economy. Speaking in New York on Tuesday, Richmond Fed President Alfred Broaddus and St. Louis Fed President William Poole, the former a voter on the...
  • FED WATCH: FOMC Closer To Having To Ease After Jobs Data

    03/07/2003 7:18:55 AM PST · by Starwind · 143+ views
    DOW JONES NEWSWIRES | 3/7/2003 | Michael S. Derby
    FED WATCH: FOMC Closer To Having To Ease After Jobs Data By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The ugliness of the February payrolls data released Friday is the last thing Federal Reserve officials wanted to see at this point. But it's still unclear what Chairman Alan Greenspan and his fellow central bank officials will do about it. A number of economists say the most likely response will be the Fed signaling at its March 18 gathering that downside risks to the economy are rising. But whether the Fed will actually want to ease the overnight...