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HomeWhat Does Bernanke Mean by ‘Transitory’?
Posted by Larry Doyle on April 28th, 2011 9:05 AM |
I encourage you to read this piece in its entirety. It is not overly long and we have a little fun at the end. Thanks. LD
Transitory.
I am now regularly hearing the use of this singular term by our chief central banker, economic pundits, media mavens, and assorted other public officials.
Transitory? What does it really mean?
Yesterday, the Federal Reserve utilized this term in the Fed’s official release:
Increases in the prices of energy and other commodities have pushed up inflation in recent months. The Committee expects these effects to be transitory, but it will pay close attention to the evolution of inflation and inflation expectations. (more…)
Robert Auerbach Unloads on the Federal Reserve
Posted by Larry Doyle on April 26th, 2011 5:00 PM |
Tomorrow may be a truly special day in the history of our country’s financial hierarchy. The normally secretive institution known as the Federal Reserve led by current chair Ben Bernanke will host a live press conference shortly after the Fed Board of Governors exits from its regularly scheduled meeting addressing our nation’s economy and the Fed’s current monetary policy.
Will Bernanke surprise the markets and announce a continuation of the Fed’s asset bubbling, commodity inflating policy known formally as quantitative easing? Did somebody in the markets today know something about the Fed’s stance? Did anybody else find it particularly interesting that both stocks and bonds rallied big today?
While market participants anxiously await Bernanke’s words of wisdom, I actually think the better “Fed-show” may have been delivered today by Robert Auerbach. Who is Robert Auerbach? (more…)
