Thread: What are the Central Banks Up To?

What are the Central Banks Up To?

Interest-Rates / Central Banks
Oct 09, 2009 - 04:59 PM
By: Sy_Harding

Best Financial Markets Analysis ArticleAt its FOMC meeting last month the Fed said that while it is more confident that the economic recovery is underway, it expects to keep interest rates low for some time to come. Analysts took that to mean until sometime late in 2010.

So it raised eyebrows when a few days later Federal Reserve Governor Kevin M. Warsh said that “unwinding of the Fed’s unconventional policy tools will likely need to begin before it is obvious that it is necessary, and possibly with greater force than is customary.â€

These various moves are part of the ongoing, high-level discussions on how to fix the financial system. The problem, of course, is all the people left holding fraudulent derivatives money do not want to admit their “trillionsâ€