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Montevideo, August 9th 2022 - 05:55 UTC

 

 

Fed rates unchanged; fears of monetary easing in EU, Japan and China, and inflation still below 2%

Thursday, October 29th 2015 - 07:32 UTC
Full article 3 comments

The US Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December. Read full article

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  • ChrisR

    Hypocritical stance about QE when The Fed has been AND IS STILL throwing Dollars around like confetti ever since the US ignited world wide financial disaster took hold.

    In effect The Fed acts as the world’s central bank, but sets monetary policy only in its own interest and seemingly wants to say “fuck you” to the rest of the world.

    “The dollar is our currency, but it's your problem.” This is what US Treasury Secretary John Connally said to the Rome G-10 meeting in November, 1971. Nixon had just ended the dollar’s convertibility into gold and shifted the international monetary system into the worthless paper based global floating exchange rate regime that we suffer under today.

    So the monetary system of the entire world comes down to a small bunch of self-interested yanks led by a silver haired woman printing Dollars like there is no tomorrow: that's why I have no confidence in it.

    It is clear that The Fed will only change rates when it's customers (the big banks and big business) TELL it to do so.

    Oct 29th, 2015 - 07:27 pm - Link - Report abuse 0
  • Hepatia

    http://en.mercopress.com/2015/10/29/fed-rates-unchanged-fears-of-monetary-easing-in-eu-japan-and-china-and-inflation-still-below-2#comment418626: If you Brits don't like it then leave. Don't let the door hit you on your ass as you go.

    Oct 30th, 2015 - 02:11 am - Link - Report abuse 0
  • ChrisR

    @ 2 Hepalong Cassidy (the original was a fake cowboy, just like you are a fake Yank.

    Oh dear, showing your 'I'm a Yank' face today are we? Pity it's not true.

    Unlike you, I know my arse from my elbow and where I live on the planet.

    You don't really understand my comment, do you?

    You have no idea about the Bretton Woods thing otherwise you would realise I am telling the truth: it's history you foolish woman / transgender / whatever you are.

    Oct 30th, 2015 - 04:10 pm - Link - Report abuse 0

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