WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Zimbabwe Janet: I'm going to keep printing like a mofo

From the mouths of maniacs:
We have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession. Unemployment is down from a peak of 10 percent, but at 7.3 percent in October, it is still too high, reflecting a labor market and economy performing far short of their potential. At the same time, inflation has been running below the Federal Reserve's goal of 2 percent and is expected to continue to do so for some time.

For these reasons, the Federal Reserve is using its monetary policy tools to promote a more robust recovery. A strong recovery will ultimately enable the Fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases. I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.
Sounds like she just took the December taper off the table.


K T Cat said...

Finally, some new ideas! No one has ever thought of printing money like crazy!

Doo Doo Econ said...

Just a steel town girl on a saturday night
Looking for the fight of her life
In the real time world, no one sees her at all
They all say she's crazy


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