In the last 24 hours, this is the message from Ben Bernanke's merry men.
Federal Reserve Bank of Chicago President Charles Evans spoke yesterday and said the Fed should consider adding “very significant amounts of policy accommodation."
San Francisco Fed head John Williams cited “a number of steps” that could be taken to support growth, without offering specifics.
And Eric Rosengren, president of the Federal Reserve Bank of Boston, told WSJ that the economy is growing so much more slowly than expected earlier this year that unemployment rate might start rising again.
Bottom line, the Fed is already printing at double digit rates (M2 money supply) and they may accelerate. The 2% target price inflation fire line is being abandoned.
Whose gonna get all that freshly printed paper first? Let me guess. Banksters. What a great con these people have going on.
ReplyDeleteThe trend in M2 growth is really starting to catch fire. If I recall correctly, NSA M2 never climbed much higher than 7% on an annualized rate during the height of QE2.
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