[lbo-talk] FOMC

Doug Henwood dhenwood at panix.com
Wed Aug 8 06:02:58 PDT 2007


On Aug 8, 2007, at 3:05 AM, joanna wrote:


> I thought Bernake was a sworn inflation fighter....so.....no surprises
> really.

Wall Street has been expecting the Fed to ease since Hurricane Katrina. Bernanke has yet to comply. It's an interesting case study in how the Fed thinks more strategically than do the markets, who want instant gratification.

Doug



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