The Spectacle Blog

Re: Fed Musings

By on 8.9.07 | 12:36PM

Quin, that doesn't make any sense, and no, I don't think I misunderstood you. In order to carry out your proposed strategy, Fed Open Market Committee meetings would turn into a connivance. ("Let's see...what do we want to look like? But what do we want to do? And what do we want to look like we're thinking of doing?") The FOMC minutes are published now, a matter of days after the committee's decision is announced. The minutes of such a meeting would look a great deal like your hypothetical disagreement over driving: chaotic.

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