No Money Supply Growth as "Super Loose Monetary Policy"

The first line of a Reuters report this morning:

The Federal Reserve is expected to stick to its super loose monetary policy stance on Wednesday as high unemployment constrains policy-makers' enthusiasm about the economy's recent improvement.

In actuality, M2 has grown at a rate of 0.2% on an annualized basis over the last six months and at a rate of 2.1 % on annualized basis over the last three months. (See for yourself. )

This compares with a 16.6% annualized rate from October 2008 to end January 2009.