[lbo-talk] FOMC statement

Eubulides paraconsistent at comcast.net
Wed Jun 30 22:03:11 PDT 2004


----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com> .
>
>So, if I can translate econo-speak accurately, they want to
>throw more people out of work to keep wages (and thus
>the risk of inflation) under control. Or am I being too cynical?

Not yet. We're not at that point. Labor markets are still too slack.

Doug

===================

They seem more worried about all the bonds held by non-US govts. and the $ in forex markets, no? Unit labor costs are still falling, right?

Ian



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