Wednesday, May 18, 2011

Today’s FOMC "Minutes"

The Fed’s come a long way since a few of us beat them up in the Halls of Congress.

Now we know policy at the end of each meeting; we don’t have to guess before it is leaked to the WSJ.

After each meeting we wait three weeks for these "minutes," down from six as of Jan/05. What we won’t learn today is who dissented from the official view, and why, which is why these are "minutes" and not minutes.


Robert Craven

No comments:

Post a Comment