The Federal Reserve met yesterday and is continuing to meet today to look closely at their policies. The financial recovery is happening very, very gradually, and the Fed’s policy-making committee predicted in June that without any changes in the organization’s behavior, unemployment would decrease by only a small margin in the second half of the year if, in fact, it decreases at all.
Yesterday and today’s meetings are in part to decide how best to get the unemployment rate to fall more quickly than it has been. Diane Swonk is the chief economist at Mesirow Financial, and, according to the Wall Street Journal, one of the top forecasters in the country.
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Comments [2]
The Fed should give everybody, and I mean everybody a shovel. Poor people can fill potholes and rich bankers can keep shoveling
"All though there is not a crisis right now there is a chance that unemployment will not fall dramatically"
Not a crisis now and a "chance" unemployment will not get better this year? It seems Obama supporters are increasingly living in their own alternate reality because the facts contradict their carefully woven security blanket called the Obama campaign narrative.
"Congress has abandoned them"
Does that include the Pelosi/Reid Congress that nearly quadrupled the deficit and the Reid Senate that has abandoned their responsibility of providing a budget for the last three years while refusing a vote on the Obamacare TAX?
Does the abandonment include the administration that could not get one vote in Congress for two unserious budgets they presented?
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