Wednesday, November 26, 2008

Fed motor on full throttle

There was never a doubt on Mr. Ben Bernanke's objectives to pump as many US dollars into teh system to prop up the sinking economy. Although the measures were late, as always the Fed was behind the curve; no there is no dearth of will and enthusiasm (pun intended) to get as many dollars into the economy.

Contrary to the current scenario and the popular opinion at present - that deflation is the evil that has to be tackled, down the road around soemwhere begining of 2010, inflationary environment would be the reason for Fed loosing its sleep.

The link in the post has the pdf to the latest on the FOMC meet and their opinion of tackling the current mess the US economy is in. Have a look.$file/FOMC_251108_flash.pdf

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