Aug 8, 2011

JPMorgan economist says Fed can boost confidence, not the economy

Those steps are all about bolstering confidence. It wouldn’t do tons to alter economic and financial conditions, but the perception that the Fed will act and do something is reassuring.

~ Michael Feroli, chief U.S. economist and former Fed economist, JPMorgan Chase in New York, Bloomberg.com, August 8, 2011

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