Happy Now?

New York Times:

WASHINGTON — The Federal Reserve announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers by extending its existing “Operation Twist” asset-purchase program through the end of the year.

The decision reflects growing concern that the economy once again is stumbling into the summer months after the false promise of a relatively strong winter. Fed officials also have indicated a desire to insure against looming risks to the recovery, including problems in Europe and the stalemate in domestic fiscal policy.

The Fed’s policy-making committee said in a statement that it expected the economy would continue to grow at a “moderate pace,” but it noted that “growth in employment has slowed in recent months,” even as inflation has declined.

This oughta fix housing/employment/silver prices/Chinese accounting/plot and logic problems on 2 Broke Girls/your roof etc.


Fed Extends Effort to Lower Rates as Job Growth Slows (NYT)




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