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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
hope you are not telling us the FED was not aware of the effects of their statements?
For my part I am absolutely convinced they know precisely what effects the minutes will have.
Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system, or such a sudden flight from the dollar.
http://www.telegraph.co.uk/finance/currency/7893238/Feds-volte-face-sends-the-dollar-tumbling.html
REGISTER: http://bit.ly/bup7tZ
Ashraf
QE2 remains in dock, for now
To those who think the Fed is contemplating the initiation of QE2, Fed members Lacker and Duke in interviews seem to be playing down any possibility now as they currently believe current policy is more than enough. Lacker said consideration of further easing steps is very far awayIm comfortable with rates where they are now. Duke says the Fed has already done a lot to help the economy and she thinks they are in the right place in terms of policy. What invites these questions of more stimulus and QE2 is the decade long reputation of the Greenspan/Bernanke Fed where they believe that every economic problem of substance can some how be solved by monetary policy. Bernanke, who in 02 revealed his Helicopter Ben reputation in a speech, who I upgraded to B52 Ben in 07, has trained investors that he will always do something in response to every slowdown.
whats your tp for usd chf