he thinks the unemployment rate, currently at 8.3 percent, drops to 7.8 percent by year's end, allowing the central bank to take more of watchful eye and less of an aggressive role in molding economic outcomes.
"With
the better data, the super-easy policy already in place — I think we've
got a lot on the table here," Bullard said. "So this is a normal
situation for the committee to sit back, get more data, try to collect
our thoughts about the things that are affecting our economy right now."
The
Fed last year implemented what is known as Operation Twist, a $600
bond-buying program that sells shorter-dated notes and buys longer-dated
ones in an effort to drive down long-term borrowing rates. The program
expires in June.
http://www.cnbc.com/id/46510655
2 comments:
This is exciting to see because I am a believer in laissez faire and with less regulation I think our economy will bounce back faster.
I agree with Brady. The less regulation will bounce the economy faster. The intervention of government will usually only create winners or losers and make the economy less efficient.
Post a Comment