Chicago Fed's Evans: No Reason to Tighten Now
Pic credit: Fire at the Pink House
and no, it's not innuendo, that's actual dirty money
The complacency is mind-numbing.
Unacceptably high unemployment and well-contained inflation make it likely that U.S. monetary policy will remain accommodative for at least several months more, a top U.S. Federal Reserve official said on Tuesday.
Speaking to reporters in Shanghai, Chicago Federal Reserve Bank President Charles Evans said he strongly supported maintaining the current loose monetary stance as long as inflation remained under control.
"I'm hopeful that businesses will be surprised by the strength of demand over the next year and that they will actually begin to add workers, but it is quite a cautionary prospect for the U.S. and that leads me to think that monetary policy is likely to continue to be accommodative for an extended period of time," Evans said.
Speaking of inflation, it's funny that the AP actually had the balls to say there's no way investing your tax refund in "inflation-protected" I-bonds is a bad idea. I invite every person who touts those filthy things to invest their entire portfolios in them. And don't forget to jack down your exemptions so you get a bigger refund and therefore have even more to invest in them next tax year!
What, me worry?