Menu Close

Fed Members Inclined to Stand Pat, for Now – NYTimes.com

WASHINGTON — Three members of the Federal Reserve’s policy-making committee indicated in separate speeches Wednesday that recent economic data, while troubling, does not yet justify an expansion of the Fed’s economic aid campaign.

The remarks suggested that the committee, which meets in two weeks, would give increased consideration to such an expansion, but also that Fed officials remain uncertain whether the growth of the nation’s economy has slowed.

While the government reported last week that employers added only 69,000 jobs in May, the Fed’s own survey of business activity, also published Wednesday, said that the economy “expanded at a moderate pace” over the last two months.

via Fed Members Inclined to Stand Pat, for Now – NYTimes.com.

The Fed also understands, or should, that the employment numbers were not as bad as the hysterical reports or the seasonal fudging, made them seem.

Tour De Farce of The Real Employment Charts

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading