Wednesday, April 25, 2012
Afternoon Delight 04/25/12 - Fed Speak
To summarize the FOMC - 'We'll do what it takes, and we have all the tools to fix anything that needs fixing. In the mean time things look really bad, so we'll keep rates low perpetually.' Basically the same thing they said the last several announcements. June should be very different as Twist ends a week or so after the next meeting.