re: #58 cliffster
Isn’t the Fed declaring that the economy is recovering a bit of fox declaring the henhouse safe?
No; their reports are based on actual data, and are completely transparent. The Fed’s job is to maintain stable monetary policy; they have no vested interest in the economy’s performance, and they are entirely independent of other branches of government.
Note that the Fed’s assessment is hardly a glowing one. It’s simply noting that the economy appears to have stopped getting worse. Mostly.