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Wed, 11/02/2011 - 07:08 | 1836035 Sequitur
Sequitur's picture

How can they possibly cut inflation projections. Food and energy = exploding. Oh, wait, those aren't "core," according to the banker bullshit bible.

Wed, 11/02/2011 - 07:16 | 1836043 qussl3
qussl3's picture

Banker bonus deflation seems to be the FED trigger.

Wed, 11/02/2011 - 07:09 | 1836036 DarkestPhoenix
DarkestPhoenix's picture

Either way, I'll be getting rid of all of my dollars, bitchez!!

Wed, 11/02/2011 - 07:13 | 1836038 Boilermaker
Boilermaker's picture

Whatever their 'decisions' are, it will be cause to ramrod the market back up.

Wed, 11/02/2011 - 07:15 | 1836042 Josephine29
Josephine29's picture

I saw it put in a different way earlier in a good post which pointed out that the Bank of England announced more monetary stimulus last month in spite of inflation being way over target.

"If they want a hint as to how to argue this they could of course call the Bank of England which was willing to commence a new round of Quantitative Easing inspite of its official inflation measure being at 5.2% which is some 3.2% above its target of 2% for it.

A man certainly in this spirit is Charles Evans of the Chicago Fed who argued this recently.

Given how badly we are doing on our employment mandate, we need to be willing to take a risk on inflation

In Charles Evans’ world raising the inflation target to 3% will allow policies which will help reduce the level of unemployment to 7.5%."

http://www.mindfulmoney.co.uk/wp/author/shaun-richards/

Wed, 11/02/2011 - 07:45 | 1836065 firstdivision
firstdivision's picture

Inflation is not a cuasation for reduced unemployment.  Think about the 1970's aka Stagflation era and the 1990's.  It just means we would be paying more to survive.   

Wed, 11/02/2011 - 07:18 | 1836044 jcaz
jcaz's picture

There ya go, start talking about easing, while inflation is exceeding your "1-3% target" right now- genius.

Wed, 11/02/2011 - 07:44 | 1836082 Zer0henge
Zer0henge's picture

The long end of my yield curve comes when under pressure as well.

Wed, 11/02/2011 - 09:39 | 1836412 YesWeKahn
YesWeKahn's picture

I only expect a large scale insanity from these idiots.

Wed, 11/09/2011 - 06:33 | 1859949 nickadam
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