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12-20-2013, 11:35 PM
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The Market Ticker - FOMC Statement: ***ing You SHALL Continue
**w this is high comedy....
Release Date: December 18, 2013Translation: The Committee wants to steal even more of your stored value than they are today, but they are stymied by a lack of willing people to take up the additional credit that would make it so. Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, eco**mic growth will pick up from its recent pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate. The Committee sees the risks to the outlook for the eco**my and the labor Market as having become more nearly balanced. The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to eco**mic performance, and it is monitoring inflation developments carefully for evidence that inflation will move back toward its objective over the medium term.Oh really? And what would those be, exactly, except of course for the 0.01% that you actually work for? After all, you and the Congress have stolen an utterly-e**rmous amount of American purchasing power over the last 30 or so years. Indeed, just look here.... Taking into account the extent of federal fiscal retrenchment since the inception of its current asset purchase program, the Committee sees the improvement in eco**mic activity and labor Market conditions over that period as consistent with growing underlying strength in the broader eco**my. In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor Market conditions, the Committee decided to modestly reduce the pace of its asset purchases. Beginning in January, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $35 billion per month rather than $40 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $40 billion per month rather than $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee's sizable and still-increasing holdings of longer-term securities should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative, which in turn should promote a stronger eco**mic recovery and help to ensure that inflation, over time, is at the rate most consistent with the Committee's dual mandate.So in other words you'll still *** people in the ass on a continual and forward basis but pull out about an inch or so in the hope that we stop screaming? The Committee will closely monitor incoming information on eco**mic and financial developments in coming months and will Continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor Market has improved substantially in a context of price stability. If incoming information broadly supports the Committee's expectation of ongoing improvement in labor Market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings. However, asset purchases are **t on a preset course, and the Committee's decisions about their pace will remain contingent on the Committee's outlook for the labor Market and inflation as well as its assessment of the likely efficacy and costs of such purchases.I love how people declare that they're going to break the law, in print and repeatedly, and **body goes after them with an indictment. Again: The Board of Gover**rs of the Federal Reserve System and the Federal Open Market Committee SHALL maintain long run growth of the monetary and credit aggregates commensurate with the eco**my's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. Stable means unchanging; English is quite a precise language in this regard. The FOMC continues to declare lawless behavior and the American people and Congress Continue to tolerate it. The difference between *** and rape is consent. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Charles L. Evans; Esther L. George; Jerome H. Powell; Jeremy C. Stein; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Eric S. Rosengren, who believes that, with the unemployment rate still elevated and the inflation rate well below the federal funds rate target, changes in the purchase program are premature until incoming data more clearly indicate that eco**mic growth is likely to be sustained above its potential rate.When will you stop consenting, America, so you can call this what it is? أكثر... ??????? ??????: The Market Ticker - FOMC Statement: ***ing You SHALL Continue || ??????: rss || ??????: اسم منتداك
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