SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bill meehan who wrote (50195)7/1/1999 5:11:00 PM
From: Defrocked  Read Replies (3) of 86076
 
How does one interpret the now neutral stance with
the implied positioning discussed in March??? AG's
Fed is getting wishy-washy IMHO.

Paragraph from the just-released Mar FOMC meeting
bog.frb.fed.us

"The members nonetheless agreed that their increased concerns about
the outlook for inflation called for the adoption of an asymmetric directive that was tilted toward tightening and, in keeping with the
Committee's recently reaffirmed policy, to announce that change after this meeting. The Committee had said that it would not necessarily publish every change in the symmetry of its directive, but this
shift to asymmetry represented a significant change in the Committee's assessment of the risks of higher inflation, and its announcement would alert the financial markets and the public more generally
to this development. That, in turn, should encourage stabilizing reactions in financial markets and
perhaps reduce the odds of an outsized response if evolving circumstances in the near term were to
require an adjustment to policy that had not previously been anticipated. It was important that the
public, including those who participated in financial markets, understood the Committee's resolve to
keep inflation at a low level. A number of members emphasized, however, that the adoption and
announcement of an asymmetrical directive should not be viewed as necessarily implying a near-term policy change or indeed any change over time unless circumstances warranted. For now,
an asymmetric directive represented the right balance in terms of positioning the Committee for possible tightening at some point."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News