The Fed Stands Pat

The Fed Stands Pat

The Fed Stands Pat

Moneybox
A blog about business and economics.
Dec. 13 2011 2:18 PM

The Fed Stands Pat

Today's FOMC statement has no change in policy and no discernable change in the meaning of the statement. The interesting thing is that the "hawks" on the FOMC are now voting for the statement while Chicago Federal Reserve President Charles Evans (rightly) dissents, arguing for additional monetary stimulus.