Q. (Reuters) - The risk of U.S. inflation is minor compared with an ongoing morass in the jobs market, two top Federal Reserve officials said after the government reported a steady 9.1 percent jobless rate.
However, both Dallas Federal Reserve Bank President Richard Fisher and Atlanta Fed chief Dennis Lockhart sounded skeptical of pushing for further monetary easing and unsure of how much it might help.
"The economy currently is weak, but not dramatically weakening. It is sort of bumping along at a very low level. There's a mix of data, some of it is negative but some of it is mildly positive," Lockhart said.
"I do not think we can take any monetary policy option off the table but I continue to think that the conditions in which we would invoke another round of large-scale asset purchases should be pretty demanding conditions," he told a forum at Emory University in Atlanta.
Fisher, who has dissented against more stimulative policy at the central bank's two latest meetings, said inflation was not currently a concern.
The bigger problem is jobs, Fisher said. The Fed has done a "great deal" to boost the economy, he said, adding that if he believed "fiddling with the yield curve" and easing monetary policy further could add more stimulus, he would support it.
*******Fisher reiterated his long-held view that it is fiscal authorities who are holding back recovering by not providing clarity on tax and regulatory policy.
Who are the fiscal authorities ?
http://www.reuters.com/article/2011/10/07/us-usa-fed-idUSTRE7964C920111007
However, both Dallas Federal Reserve Bank President Richard Fisher and Atlanta Fed chief Dennis Lockhart sounded skeptical of pushing for further monetary easing and unsure of how much it might help.
"The economy currently is weak, but not dramatically weakening. It is sort of bumping along at a very low level. There's a mix of data, some of it is negative but some of it is mildly positive," Lockhart said.
"I do not think we can take any monetary policy option off the table but I continue to think that the conditions in which we would invoke another round of large-scale asset purchases should be pretty demanding conditions," he told a forum at Emory University in Atlanta.
Fisher, who has dissented against more stimulative policy at the central bank's two latest meetings, said inflation was not currently a concern.
The bigger problem is jobs, Fisher said. The Fed has done a "great deal" to boost the economy, he said, adding that if he believed "fiddling with the yield curve" and easing monetary policy further could add more stimulus, he would support it.
*******Fisher reiterated his long-held view that it is fiscal authorities who are holding back recovering by not providing clarity on tax and regulatory policy.
Who are the fiscal authorities ?
http://www.reuters.com/article/2011/10/07/us-usa-fed-idUSTRE7964C920111007
A. Because our Debt is the single largest impediment to growth. We know it needs to be paid off.
As long as we have a president that wants to tax more to pay it off instead of getting rid of all of the duplicate government agencies or those that should not exist then it will not get better.
I will be willing to pay more but not until the waste is gone. They government is spitting in the eye of taxpayers.
As long as we have a president that wants to tax more to pay it off instead of getting rid of all of the duplicate government agencies or those that should not exist then it will not get better.
I will be willing to pay more but not until the waste is gone. They government is spitting in the eye of taxpayers.
Powered by Yahoo! Answers
