Greenspan & Gang Stay The Course

Filed in archive Economy on May 3, 2005

Steady as she goes.

I found this statement the most illuminating, given that many people believe the Fed may be done tightening now:

The Committee perceives that, with appropriate monetary policy action, the upside and downside risks to the attainment of both sustainable growth and price stability should be kept roughly Equal.

I don't hear the fat lady singing just yet.