FREEDOM FORUM: Add a Comment

Article Image News Link • Global

Market Watch

Even though some Federal Reserve officials and market participants want the party to end, the central bank is going to keep the punch bowl full after its two-day meeting this week, analysts said. Former Fed Chairman William McChesney Martin once famously quipped that the Fed's primary role was to take the punch bowl away before a party really starts cooking. But it's important not to take away the spirits too soon. "Although some hawks want to take the punch bowl off the table, I don't think they will convince [Fed chief Ben] Bernanke," said David Jones, a veteran Fed watcher. Bernanke, a student of the Great Depression, knows that the Fed made a mistake of tightening too soon during the late 1930s, thereby prolonging the downturn, Jones said. "That is something Bernanke is going to avoid," Jones said. Even though the market is more and more convinced that growth is just over the horizon and worries about inflation abound, the economic outlook has

Reported By

Max 1000 chars
Tag as "Crude or Lewd"

You are free to comment on this discussion in any way you feel is appropriate. If you choose to use to use any language which our editors feel is vulgar -- by their standards -- your comment may be tagged "Crude or Lewd" and may be filtered out of the discussion by those who prefer not to read that sort of thing. If you know you have entered something which will cause your comment to be tagged, we ask that you tag it yourself to save us the time. We do encourage everyone to be civil and not make rude attacks on other people in the Forum. We don't censor out those remarks, but few people enjoy reading them and we would like participation in our Forums to be a pleasant experience for everyone. And, by concentrating on what is said instead of who is saying it, even those who may disagree with you will be more likely to consider your opinions valid.

Thank you for your cooperation!