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Why The Federal Reserve Minutes Weren't That Great

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For the first time in Chairman Ben Bernanke's tenure – and in almost 20 years, there is an obvious divide among US central bankers. Several members voted in favor of an additional and more aggressive round of funding – solidly believing in the current economic decline. This would entail not only the reality of a QE3, but also the potential for further reductions in the discount window – a tool not tapped since the US financial crisis about 4 years ago.

Read the article here - http://forexalliance.com/2011/08/31/forex-majors/federal-reserve-minutes-great/

Posted-In: Forex Economics

 

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