http://www.safehaven.com/article-6961.htm
WASHINGTON, Feb 21 (Reuters) - The following is a summary of recent comments by Fed policy-makers:
* Denotes 2007 voting member of the Federal Open Market Committee, which sets U.S. monetary policy.
MINUTES OF FOMC MEETING ON JAN 30-31, RELEASED FEB 21:
"All meeting participants expressed some concern about the outlook for inflation. To be sure, incoming data had suggested some improvement in core inflation, and a further gradual decline was seen as the most likely outcome, fostered in part by the continued stability of inflation expectations. However, participants did not yet see a downtrend in core inflation as definitively established.
SAN FRANCISCO FED PRESIDENT JANET YELLEN, FEB 21:
"If there is one development to worry about the potential of recession it will be housing," said Yellen. She was answering questions after speaking before members of the Silicon Valley Leadership Group. She said, however, that adjustments in the housing sector are taking place and "there has been remarkably little spillover" to the general economy.
* ST LOUIS FED PRESIDENT WILLIAM POOLE, FEB 21:
"The economy is very evenly balanced. I think that a standard forecast for GDP is around 3 percent growth with inflation rate gradually tilting down," Poole said in an interview with Bloomberg Television.
"As long as that situation prevails, the current interest rate environment, as far as I'm concerned, can stay right where it is," he added.
* CHICAGO FED PRESIDENT MICHAEL MOSKOW, FEB. 16:
"We should see continued progress on inflation going forward. If we don't see progress, the FOMC will respond.
"My assessment is that the risk of inflation remaining too high is greater than the risk of growth falling too low. Thus, some additional firming of policy may yet be necessary."
* ST. LOUIS FED PRESIDENT WILLIAM POOLE, FEB. 15:
"Where we stand right now is a pretty good place. There is no compelling information presently available that suggests the need to reposition the rate. But it may come. The fed funds rate is not going to be 5.25 percent for ever."
* FED CHAIRMAN BEN BERNANKE, FEB. 15:
"We've seen some very strong consumer spending numbers and we've seen some strong income growth, which suggests that the economy may be stronger than we think
If inflation becomes higher for some reason, then the Federal Reserve would have to respond to that by raising interest rates."
* BERNANKE, FEB. 14:
"Overall, the U.S. economy seems likely to expand at a moderate pace this year and next, with growth strengthening somewhat as the drag from housing diminishes.
"There are some indications that inflation pressures are beginning to diminish. The monthly data are noisy, however, and it will consequently be some time before we can be confident that underlying inflation is moderating as anticipated."
DALLAS FED PRESIDENT RICHARD FISHER, FEB. 9:
"No central banker can ever be smug about containing the risk of inflation, but I am pleased with the current direction of inflationary impulses.
"If (rate) increases are needed, I would aggressively advocate for them. But for now I am as comfortable with the inflationary outlook as a prudent central banker can be."
e questa la notizia sull'inflazione....
The Labor Department's headline Consumer Price Index rose 0.2 percent in January, twice what economists had forecast. The core CPI, which excludes volatile energy and food prices, climbed 0.3 percent, above the forecast for a 0.2 percent gain, according to economists polled by Reuters. For details, see [ID:nN20196451]
Investors had expected that the CPI report would underscore Federal Reserve Chairman Ben Bernanke's statement last week that inflationary pressures are easing and the U.S. economy is expanding at a moderate pace.
"The CPI report was an obvious disappointment, not only for the marketplace, but to the Fed," said William Sullivan, chief economist of JVB Financial Group in Boca Raton, Florida.
I mercati azionari stanno perdendo momentum e partecipazione sebbene i carry siano ancora attivi ma oggi sfruttando l'effetto inflazionistico dei dati e quindi la perdita momentanea di credibilità della FED hanno optato per dirigersi massicciamente sul mondo commodity causando la reazione del CRB sui massimi annuali mentre hanno tralasciato l'azionario che quindi ha continuato nella sua fase di distribuzione su livelli elevati e quindi al momento non compromettendo il trend.
Ma resta il fatto che il potenziale ribassista almeno di breve resta.
,
