JVB-BSullivan-Econ-Comment-110909

Broker Dealer / Institutional / Advisor Use Only November 9, 2009 ABOUT Rhetoric and Reality BILL SULLIVAN The Federal Open Market Committee William V. Sullivan, Jr. the Committee stated that it expected serves as Chief Economist (FOMC) provided some additional insights inflation to remain “subdued for some time.” at JVB Financial Group, on monetary policy at last week’s formal The rational for the Federal Reserve’s working closely with the meeting. Indeed, contrary to widespread inflation outlook is built around the huge firm’s trading desk, expectations within the financial community, volume of spare capacity that exists in the providing analysis and commentary on the U.S. the Committee continued to offer a benign nation’s product and labor markets. economy and the financial assessment of the inflationary environment. Although this acknowledgement has been markets. Among his duties Against that backdrop, the membership evident at past meetings, the latest statement are authoring a weekly concluded that the Federal funds target could occurs in the context of the seemingly huge report on credit market be maintained at an exceptionally low level trends and maintaining a challenges that are emanating from the regular schedule of for the indefinite future. In the process, the commodity and exchange markets vis-à-vis conference calls that focus central bank basically dismissed the the potential for price stability. Essentially, on interest rate ...