Notice the breadth of the slowdown. This isn't just about housing; we're seeing a slowdown in consumer spending and business activity as well as an increase in inflation. In short, this is not a good time to be a Fed governor.
Thursday, January 3, 2008
FOMC Minutes
Yesterday, the Federal Reserve issued the minutes from their last meeting. It is very informative and shows what the Fed is seeing which supposedly gives us a window into what they are thinking.
Notice the breadth of the slowdown. This isn't just about housing; we're seeing a slowdown in consumer spending and business activity as well as an increase in inflation. In short, this is not a good time to be a Fed governor.
Notice the breadth of the slowdown. This isn't just about housing; we're seeing a slowdown in consumer spending and business activity as well as an increase in inflation. In short, this is not a good time to be a Fed governor.
