I guess he’s ok with the output gap/unemployment…
And not that it matters, as they they only shoot blanks in any case.

*LOCKHART: COMMUNICATIONS, BALANCE SHEET ARE TOOLS
*LOCKHART: `WE HAVE NOT EXHAUSTED ALL OUR OPTIONS’
*LOCKHART: DEFLATION, DETERIORATING CONDITIONS COULD BE TRIGGER
*LOCKHART SAYS `STRESSED’ ECONOMY MIGHT REQUIRE EASING
*LOCKHART SAYS MORE EASING NOT CALLED FOR AT THE MOMENT

3 Responses

  1. I guess the last jobs report wasn’t a sign of a deteriorating condition????

    Europe unraveling? No deterioration there?

    Agree there is not much Fed could do, but is it too much to dream that some day these guys will drop their stoic mask of bureaucratic “independence” and tell people straight out that the government needs to spend?

    1. @Dan Kervick,

      even if it were not a political death warrant for the Fed, do you think there’s sufficient consensus within the Fed about how it all works to produce that kind of statement? some several of the Fed governors would have no place in central banking in a society that valued policy over politics.

  2. Fed is waiting meeting end of June..
    Bce is waiting after Greek Election.. i.e. end of June..

    now are joking with confidential news&denial..
    2° half must be strong bull nont to fill the output gap..
    but to thank Obama that don’t have enforced new rules against GS&C..

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