The FOMC has been much too fast to aid the sagging european mess and puting a stop for the world markets. The minutes contain additional minutes of telephone Meet on 28th of November 2011 apart from the minutes of scheduled meet on 13th December 11
Well ! Watch the lines about the communication changes and FED Fund Target Rates Forecast will now be added in the coming meet. While, Growth and Inflation forecasts are now followed by this Rate Forecast. This will essentially be conditional and mearly forecasts. It seem FED now wants to turn into sooth sayer thereafter.
It is essential appriciable the efforts and creativity being used Mr Bernanke and Kuddos.
However, It seems FED is doing many things right .
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