Fed Survey: The Economy is Mending

SixDegrees9/09/2009 11:50:40 am PDT

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.