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The Fed Is on ‘Different Monetary Planet’: Economist

Posted By admin On April 4, 2011 @ 5:09 am In Money Watch | Comments Disabled

Patrick Allen
CNBC [1]
April 4, 2011

The Federal Reserve is on a different monetary planet from the rest of the world, according to Credit Suisse UK Economist Robert Barrie.

At a time when the ECB is expected to follow the lead of many emerging market central banks and raise rates, the US central bank is a long way from hiking rates [2] as it instead debates when, and at what pace, to end quantitative easing, the easy money policy it put in place in response to the financial crisis.

“It’s been clear to us for some time that, rightly or wrongly, the US is on a different monetary planet from the rest of the world,” Barrie wrote in a note to clients.

“What is now becoming clear, however, is the extent to which the ECB has become more decisive at the same time as the UK authorities have become more uncertain,” he added.

Full article here [1]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/42409840

[2] US central bank is a long way from hiking rates: http://www.cnbc.com/id/42375564/

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC35/PR

[5] Bilderberg Economist Says “Print Money ”: http://www.prisonplanet.com/bilderberg-economist-says-print-money.html

[6] BRICS demand global monetary shake-up, greater influence: http://www.prisonplanet.com/brics-demand-global-monetary-shake-up-greater-influence.html

[7] Europe must deal with Greece or suffer, says International Monetary Fund: http://www.prisonplanet.com/europe-must-deal-with-greece-or-suffer-says-international-monetary-fund.html

[8] Today Is The 40th Anniversary Of Nixon Ending Gold Standard And Creating Modern Fiat Monetary System: http://www.prisonplanet.com/today-is-the-40th-anniversary-of-nixon-ending-gold-standard-and-creating-modern-fiat-monetary-system.html

[9] Fed Will Ease Monetary Policy This Week: Goldman: http://www.prisonplanet.com/fed-will-ease-monetary-policy-this-week-goldman.html

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