So look what slipped into a Fed statement:

*DJ Fed’s Williams: Current Economic Conditions Call For Strong Fed Response
*DJ Williams: Weak Total Demand Calls Supports Fed Policy Action
*DJ Williams: Sees Value In Targeted Stimulus Actions
*DJ Williams: Mortgage Bond Buying Has Helped Housing Market
*DJ Williams: Fiscal Actions May Also Help Revive Housing, Aid Economy
*DJ Williams: Fiscal Stimulus May Be More Potent Than Monetary Policy Now
*DJ Williams: Housing Has Hurt Economy, Not Sole Cause Of Slow Recovery

9 Responses

    1. @pebird,
      Where did legislators get the idea that their job is to manipulate the population, rather than manage our physical resources and assets? Surely it’s not all the fault of MBA program fixation with personnel management and human resource allocation.

    1. any transfer of funds by the fed is a credit to someone’s account at the fed.
      it doesn’t ‘go’ anywhere else. and the fed publishes an ongoing financial statement showing the account totals

      1. @WARREN MOSLER,

        Except when the transfer is in cash?

        CAIRO (AP) — Egypt went forward with a trial Sunday that has plunged relations with the U.S. into the deepest crisis in decades, prosecuting 16 Americans and 27 other employees of pro-democracy groups on charges they used foreign funds to foment unrest.

        The most recent Fed’s financial statement for commercial banks ( H.8 ) shows another increase in net funds due to related foreign offices along with a corresponding increase in cash.

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