Saturday, February 12, 2011

What Dissension in the Fed's Ranks Means

"A remarkable thing happened this week. Truly remarkable. But just in case it got lost amid the Egyptian chaos … coverage of the subzero temperatures up north … or the after-analysis of the Super Bowl, I’m going to shout it from the rooftops for you:

A couple of Federal Reserve officials actually stood up and said “Enough is enough!”

Hard to believe, I know. But both Richmond Federal Reserve Bank President Jeffrey Lacker and Dallas Fed President Richard Fisher essentially said this week that the days of “QE Forever!” are over..."

at  http://www.marketoracle.co.uk/Article26236.html

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