Wednesday, April 27, 2011

FOMC Statement

So, more of the same "moderate pace" in recovery, etc., etc. However it looks like the fed is starting to worry about inflation more, but are still not doing anything about it because they're waiting for incomes to rise. Which I guess makes since because as long as people's wages aren't rising then demand will stop inflation from going too high in the long term. They also decided to stick with the QE2 plan. Though I never really agreed with QE2 (or even QE1) looking at it from their point of view there was no reason to change the plan. The same also goes for the interest rate, but that could change if wages start to rise.

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