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Saft Says: Fed sits on hands, pressure now on ECB action

Wednesday, August 01, 2012 - 01:54

Aug 1 - Reuters Columnist James Saft says he thought the Fed had released an old FOMC statement when he read the latest release today. The Fed did nothing he notes, which means the ECB will be under pressure.

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I'm worse columnist James. The Federal Reserve had a fantastic -- keeping monetary policy exactly. The scene. Want to look at this statement I thought someone at that hadn't messed up and -- share each statement from last. Looks incredibly -- And if this is a little bit confusing because even if -- admits. Economic activities. Gunned down -- bit. Unemployment. Is only slowly healing and that inflation is at or below where they -- an idea we see. So it's unclear why there. One thing that this makes us think he's Morris easy being is going to be in the war. That doing nothing puts a lot of pressure on easy you'll remember that America dropped hinted. That the easy home where Osama. Or year. Interesting that went wrong. If each TV shows tomorrow and has -- it will be in dairy dairy or. Why I think we've seen not. A lot of reaction to get people who -- real action is going to be on -- in the acts. For the bat this and to all long month of August -- we're not gonna get a lot -- news and we're gonna be hoping. Something comes along and make us believe in key. We may have to wait until Jackson Hole at the end it -- the traditional and new. -- Rudy at least an important race cast. A long time between now and then and there are outraged.

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Saft Says: Fed sits on hands, pressure now on ECB action

Wednesday, August 01, 2012 - 01:54