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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (42186)	12/2/2005 4:24:37 PM
From: patron_anejo_por_favor	Respond to of 116555

>>Yellen also said there will be a time when the language in the Fed's statement will have to change to reflect an easing of monetary policy. "Two phrases in particular are at issue: 'remove accommodation' and 'at a measured pace,'" Yellen said, according to the text of a speech distributed to news organizations. "While it seems unlikely that the end of the current tightening phase is yet at hand, there obviously will come a time when these two phrases are no longer appropriate, and other changes to the statement may be needed as well."<< So if I read this right, she said the Fed won't continue to raise rates at every meeting 'till the end of time....and that's reported as news? UFB.......