by Smitty
It looks like ‘action’ now means ‘value’:
The Fed would be “prepared to take additional action, obviously, if conditions warranted,” including the purchase of more Treasury securities, Bernanke said yesterday after U.S. central bankers met in Washington.
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Farce… the Financial Frontier. These are the voyages of the Federal Reserve. Its five-score-year mission: to explore strange new monetary value depths, to seek out new life in zombie Economics, to boldly go where no man with a shred of policy sense has gone before. . .
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