Fed Says Plan Now to Avert Inflation

April 10th, 2009

HAHAHA. Good luck with that.

Via: Reuters:

The United States economy will skid more deeply into recession in coming months, Federal Reserve policy-makers warned on Thursday, but it is time to start planning how to wind down spending to avert an inflationary surge.

The president of the Kansas City Federal Reserve Bank, Thomas Hoenig, said that hard as it was to predict when the winding-down process must be initiated, it will happen.

Posted in Collapse, Economy | Top Of Page

One Response to “Fed Says Plan Now to Avert Inflation”

  1. remrof says:
    April 10, 2009 at 2:13 am

    The fed is currently filling its balance sheet with toxic assets. When they try to sell them off to restrict the money supply, no one will want them.

Leave a Reply

You must be logged in to post a comment.