Saft says: What hasn't worked in past, won't work in future
Wednesday, December 12, 2012 - 02:01
Dec 12 - Reuters Columnist James Saft says what hasn't worked in the past for the Fed, won't work in the future and will result in the same set of circumstances.
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Reuters columnist James. It's a big day in monetary policy. Is extending. Its bottom line. It more extreme. And it's putting monitored on -- an auto. Today said that it was going to go wrong predicting when -- won't change interest rates she's using some rational essentially Islamist unemployment remained in -- six and a half percent inflation doesn't get more than half and all they want each. And long term inflation expectations are still reasonable. We're gonna keep rates where they are just zero in order. Now it's not -- Hey are themselves as the robots but it does replaced one set and uncertainties and others. In mule day we worry about it for us. Thinking. And -- to be pretty reliable now we're gonna worry about it didn't. Is really well. I would imagine what get a speeding up in the near term is Paramount market volatility around this time. Didn't really the job this way and that. Basically depends. Source predictions you. Have to see -- -- -- a big point. We are going to be creating money in January Operation Twist liars. And 42 billion ordered immediate treasury you know it's not too far ancient. It would be watching very closely the long and -- on her or see. Little bit. I don't expect that's gonna happen soon you know the real question is -- -- doesn't have a lot of what we're. Using. Particularly going to work in the future. We're going to be seeing.
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