Wednesday, March 7, 2007

Beige Book and Moskow

The executive summary of the Fed's survery of the 12 district banks in the Beige Book shows modest economic expansion.

Meantime, Michael Moskow, the Chicago Fed Bank President is still talking the about rate increases. Who do these people think they're fooling? Oh yeah, many on Wall Street. Stocks moved to the highs of the day after the Moskow comments.

No comments: