Just think how much worse it would be if we hadn’t had this Harvard MBA president to screw everything up:
WASHINGTON — Federal Reserve officials, in a new and expanded forecast, expect the nation’s economy to grow sluggishly next year and see risks of an even worse performance.
They also expect food and energy prices to continue putting upward pressure on inflation, but say underlying inflation is now, and will remain, within the target range implied by their new forecast.
The enhanced forecasts by officials of the Fed’s policy-setting Federal Open Market Committee underline the conflicting pressures on the central bank to cut interest rates to protect economic growth or to hold them steady to quell inflation.
The enhanced forecasts by officials of the Fed’s policy-setting Federal Open Market Committee…
The first time I read that, I thought it said, “The enchanted forests by officials…,” which would make sense if they think inflation is still in the “target range.” Inflation is where they want it to be because they don’t count food or energy costs.
More coffee…
Where’s that economic war criminal Alan Greenspan,
enabler of the subprime mortgage fisaco?