Quote from gnome:
It's worse than that. MUCH WORSE... more like "no recession EVER again if the Fed can help it".... In other words, the Fed and Gummint would rather "postpone the inevitable and bankrupt every US citizen in the process with a blizzard of money-print inflation and currency destruction" before accommodating a recession.. during which incumbent politicians would face a difficult re-election.
It's all about "Gummint at the EXPENSE of the people... and if you don't like it, TOUGH SHIT!"
Quote from poyayan:
".. 1st step to really default as a nation.
Quote from Jayford:
No. I believe it is just an "avoid recession at all costs in an election year". The FED is not supposed to be a tool of politicians or Wall St, but it appears to be now.
Pathetic thing is the FED's mandate is price stability! That certainly went out the window.
Quote from lorax2013:
"The Fed's mandate is price stability" that's got to be one of the boldest lies in history. Welcome to the Orwellian world of central banking. Now if I could just learn to love Big Brother...