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The Federal Reserve’s proposed timetable for tapering its $85 billion-a-month bond-buying program is not set in stone, Chairman Ben Bernanke said on Wednesday in fairly dovish prepared remarks to a Congressional panel.
“I emphasize that, because our asset purchases depend on economic and financial developments, they are by no means on a preset course,” Bernanke said in remarks prepared for delivery to the House Financial Services Committee.
If Q2 GDP comes in below 1% as some good economists are predicting , there's no chance he cuts the money off.
There I SAID IT. LOL. Pretty simple really.
But what I think does not matter, because I am just a small voice who owns a small little blog out there somewhere in cyberspace.
It will be interesting to see what happens, because if you think the economy is getting better, and we are seeing a recovery, well, you may need to stop taking that heavy dose of Prozac.
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