Posted on 09/02/2009 12:04:35 PM PDT by Ernest_at_the_Beach
A key unknown is whether consumer spending would be restrained and if households will maintain the new-found religion to save more of their income.
The current thinking, according to the summary, is that the recovery would be shaky at first - likely be led by businesses rebuilding inventories. Only in 2010 would a firmer recovery take hold.
"Fed officials expected the pace of recovery to pick up in 2010, but they expressed a range of views, and considerable uncertainty, about the likely strength of the upturn," the summary said.
As a result, Fed officials decided to stand pat and make no changes to their zero-interest-rate policy and extraordinary quantitative easing plans.
(Excerpt) Read more at marketwatch.com ...
Live it up. The party ends when all the new taxes and regulations bite.
Pshaw!
The bad news is, it is no longer falling because it's splattered all over the sidewalk.
“Federal Reserve officials were more confident than ever that the steep downturn in the economy was coming to an end,”
Yea !
Now we can watch the slow steady downturn take hold.
You notice, in the full report, they talk about the instability in the labor market and continued unemployment. How do 70% of the jobs get created, by small businesses. If consumer spending, about 2/3 of our economy is constrained by un/under employment; rising prices due to cap and trade;automatically higher taxes after 2010; increaed deficits thaat need to be financed due to ower tax receipts and criminally negligent prediciting by the political class, and either higher interest rates/inflation or both because of FED actionshow does one,beyond the current replacement of inventories predict sustained growth?
I doubt very much that the government is interested in creating new jobs in the private sector. They are so busy deswtroying our economy, thus our Republic. In other words, thing are going esactly the way they want it to.
FIRE EVERYLAST ONE OF THEM IN 2010!
Wonder which Country it are talking about? It sure is not the America Obama is doing his best to destroy.
Bush set tax cuts to expire. Oh..that will help! /sarc
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.