Thursday, August 12, 2010
Fed can't fix economy
The Federal Reserve has admitted the US recovery has slowed. Gregory White from Business Insider explains this sudden turn in the Fed's outlook and says the real concern right now is deflation, but the Fed's aren't going to come out publically saying that they're worried about this until they have a new QE package ready - and that probably won't happen until November (after the election cycle). White says the US Economy will likely be completely stalled in the mean-time (a terrible predicament where we can't even deal with the unemployment crisis).