It would appear that elation was not only in the air of the housing market during the 2000s, but most definitely in the air at Federal Reserve Open Market Committee meetings during that now infamous era, as well.

CNBC has noted that The Daily Stag Hunt has found a striking correlation between a now scary increase in bursts of laughter at these ( Read more... )

CNBC
Fed Certain to Act in November In a Big Way: Survey
By: Steve Liesman
Senior Economics Reporter

Following Friday’s disappointing jobs report, market participants are now virtually certain that the Federal Reserve will announce that it will resume buying assets at the conclusion of its November meeting and do so in a sizeable way, according to ( Read more... )

Bloomberg:
Fed Officials Unconvinced Economy’s ‘Stabilization’ to Persist Federal Reserve officials, who see possible signs of “stabilization” in the U.S. economy, signaled they’re not convinced those improvements will persist ( Read more... )

Despite touting Seeing Green Shoots on 60 Minutes, the Chairman of the Federal Reserve oversaw a group last month increasingly worried of an economy falling into a self-reinforcing downward spiral. It was more like Bernanke should have been saying to 60 Minutes "The Fed Sees Dead People." (Or zombie banks and corporations, at the very least).

( Read more... )

Coinciding FOMC statement removes last meeting's claim that the Fed expects the recession to end this year, replaces it with more somber language, and dispels inflation concerns.

CNBC:
Fed's Surprise Move Sends Markets a Mixed MessageThe Federal Reserve’s decision to finally enter the long-end of the Treasury market was taken as a mostly ( Read more... )

Bernanke's Fed tells us that growth will likely turn positive by the third or fourth quarter of the yaer, and that it could be running at a solid 5% growth rate just next year or the year after. Some economists are even still insisting that the second quarter pops out some positive GDP, with a more sustained recovery to follow ( Read more... )

Paul Krugman: Who’ll Stop the Pain?Earlier this week, the Federal Reserve released the minutes of the most recent meeting of its open market committee - the group that sets interest rates. Most press reports focused either on the Fed’s downgrade of the near-term outlook or on its adoption of a long-run 2 percent inflation target ( Read more... )

MarketWatch.com:FOMC saw specter of depression, deflation
Minutes show members grappling with fresh approach to monetary policyMembers of the Federal Open Market Committee at their mid-December meeting saw increasing risks of depression and deflation as they grappled with employing new tools to stabilize an economy that was rapidly weakening, ( Read more... )

On Bloomberg's On The Economy Wednesday, former Federal Reserve Governors Lyle Gramley and Susan Phillips agreed that the current quarter is deteriorating at the fastest pace since the extremely deep contraction during the second quarter of 1980 ( Read more... )