In a statement released today by the Federal Reserve monetary policy committee, the Federal Open Market Committee, the Fed gave no indication that it is changing its position on hiking interest rates sometime in the second half of 2015.
The statement was upbeat about the economy, citing "solid" growth and "strong job gains." All these indicators are, of course, manipulated upward by current Fed money pumping.
The policymakers repeated that they think price inflation will move back to the 2% target after being pushed down by transitory factors.
This suggests rate hikes are off the table for the next two policy meetings in March and late April.
No surprise with any of this,
We continue to be in the boom phase of the Fed created business cycle.
The full FOMC statement is here.
-RW
I'm really getting tired of the serial lying. These people are beyond belief.
ReplyDeleteThere is no recovery. Got it? When you stop counting jobless people by the millions, the unemployment rate tumbles. Taken to its logical conclusion, we could all be looking for work and the unemployment rate would be 0%!
How transparent do these lies have to be before people wake from their slumber and throw these bums out? It's appalling to watch the liars lie and the recipients to take it (or ignore it).
When does this nonsense end?