Belated Happy FOMC Meeting

Benjamin Bernanke testifying before congress about the BoF and Merill deal back in Sept before the major decline back in Oct 2008. Posted a video on this and its still there if you can check at the bottom of my blog with Breaking The Bank as title.

So FOMC meeting gone as I thought in previous post i.e pause in the interest rates, not expanding fed's balance sheet and god for the first time they did not see any shoots this time.Y'day's statement predicts "inflation will remain subdued for some time," vs. "inflation will remain subdued," from the last session. Missing: no indication about any exit statergy, And no change to the Fed's Treasury buyback program which way is good for the dollar and overall economy.