“The Fed has access to some of the best economists and analysts in the world, yet they still cannot make correct determinations on the state of the economy. In 2008, they continuously said we weren’t in a recession, and there would be no recession. They continuously said we were growing in production when every chart in the world was proving them incorrect.
Now, just weeks after saying there was little or no inflation to justify QE2, they are cutting projections on growth and validating that their money printing will have no positive effect on the economy.” Read more.
“The Federal Reserve to report this week they are slashing growth projections”
Kenneth Schortgen Jr.
The Examiner, November 22, 2010.
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