FOMC Decides to Pander, Again

Pandering to the political wind is as consistent a "Trend" at the US Federal Reserve as their call on "expecting inflation to moderate" (which they've been "expecting" since August 2006!).

"Downside risks to economic growth remain" is still the party line. Gee, thanks for that revelation Ben.

There will be more risk to the US economy tomorrow, and the day after that, as a result of this spineless rhetoric.

Sellem' if you havem'.
KM