The Black Box

[michalel97123]

I dont think bush who is pro deficit spending wants the fed to offset the stimulus by never ending rate increases. You contradict yourself on one point--if ag is a slave of those in power, he will need to respond to the wishes of those folks when it becomes clear that the twin natural disasters have changed the landscape both economic and political. It is not impossible for the fed to say that a combo of katrina and rita changed the equation on future rate hikes. Again 3 month treasuries below fed rate which is supposedly a sure sign that things have not changed. We will see.