FOMC Meeting Minutes Released.

Written April 8, 2009 at 2:03 PM EST by  

Email This Post Email This Post   Print This Post Print This Post

  •  BOARD ANTICIPATED EXPANDING TALF TO AID FINANCIAL RESCUE
  •  FED BOARD DISCUSSED WORKING WITH TREASURY IN FEB. 7 CALL
  • AGREED ON SUBSTANTIAL PURCHASES OF LONGER-TERM ASSETS
  • GAIN HOUSING STARTS NOT BEGINNING OF NEW TREND
  • ECONOMIC DECLINE ABROAD HURTING U.S. EXPORTS
  • EXPECTED FURTHER EMPLOYMENT CUTBACKS
  • FED POLICY MAKERS SAW INFLATION BELOW DESIRABLE LEVELS
  • EXPECTED GDP TO EXPAND SLOWLY IN 2010
  • EXPECTED GDP TO FLATTEN OUT’IN SECOND HALF
  • CUT FORECAST FOR SECOND HALF 2009 AND 2010
  • MY WORSENED MORE THAN THEY EXPECTED, MOST OFFICIALS SAID
  • SAW RISK TO ALREADY WEAK ECONOMIC OUTLOOK
  • SAW TIGHT CREDIT, FRAGILE MARKETS, MORE PRESSURE ON BANKS
  • SAW DOWNSIDE RISKS PREDOMINATING AT LAST MEETING

The headlines are justifiably sanguine.  The Fed announced the aggressive quantitative easing measures including Treasury purchases and MBS in an attempt to keep mortgage rates down for home owners.   There is nothing suggesting any rebound in the report.

Categories: Forex News  |  Tags:

No Responses to “FOMC Meeting Minutes Released.”

Add a comment