FOMC Decides to Pander, Again

08/05/08 02:25PM EDT
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
© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.