Can the Fed Reserve stop putting an economist on the panels and hire a freaking PR firm and get somebody to actually give status without scaring the hell out of everyone?
But what really should have people's attention is:
OPERATION TWIST
"The Fed's policymaking committee is next scheduled to meet Sept. 20 and 21. That two-day meeting was originally slated to last for one day. Economists who closely watch the central bank speculate that the Fed may use the extra day to consider a stimulus measure known as
Operation Twist.
Under such a policy, the Fed would replace some of the short-term bonds already on its balance sheet, with longer-term Treasuries. The controversial move, last done in the 1960s, is meant to encourage lending and borrowing by bringing long-term interest rates down.
It's called a "twist" because it brings short-term bond rates up and long-term rates down. "
from:
Link
Magical accounting practice turns bonds into treasuries! :blink:
But seriously, if the American People, the House of Representatives and the Federal Reserve Bank can't get resolution on spending, THEN WHO CAN?