Fed downgrades its outlook for US economy

Fed downgrades its outlook for US economy

More enlightening news from our appointed and confirmed leadership.

The Federal Reserve will continue it's maniac 'Quantitative Easing' experiment and continue to buy $85 billion worth of U.S. Treasury Securities every month. They were 'expected to reduce their QE by $10 billion or more.

They changed their minds when they found out all the efforts so far have been stagnating at best.

Poor economic growth is the problem.

What a surprise from the best in the business eh ?

Federal Reserve sketches a gloomier outlook for US economic growth for this year and next.

WASHINGTON (AP) -- The Federal Reserve on Wednesday downgraded its outlook for the U.S. economy for 2013 and 2014. In doing so, it underscored concerns that led it to maintain the pace of its stimulus.

The Fed predicted Wednesday that the economy will grow just 2 percent to 2.3 percent this year, down from its previous forecast in June of 2.3 percent to 2.6 percent growth.

Next year's economic growth will be a barely healthy 3 percent, the Fed predicts.

Fed officials decided to continue their $85-billion-a-month bond purchase program, surprising most economists, who had expected a slight reduction. The bond purchases have been designed to keep long-term loan rates low to encourage spending.

Fed downgrades its outlook for US economy


I thought Obama said he would fix all this by now ?

What happened ?

The longer it boils, the higher the lid will blow !!!!!

They can't take the foot off the gas pedal...they just hinted at it & the wheels started rattling like they were going to come off...

reply to post by xuenchen


I sometimes wonder just how stupid,( sorry) illiterate our elected officials can be.... if you are broke you sell something you have of value to make extra and get extra job for income to help pay the bills.
You have to create a new income stream, not bleed the little business action producers you have to death... kill the cow giving milk for the meat and when the meat is gone you got nothing....Da??
Currently in our Gov's wisdom the purpose for the Gov. to want the immigrants is to put them to work to increase tax income... oops they all get on welfare.. create more expense for the Gov. Their idea is to have the immigrants support the welfare state... Bright no? Hell no.
How about we cut loose the movers and shaker business people like the Oil Pipe Line,, It will put 200,000 high paying direct jobs with an added another 200,000 jobs in support of those workers (home building, shopping, food. ect) Just look at Nebraska and Montana.. unemployment less than 4%.
Also remember every barrel we product and sell to our own industries we actually save 100% of the price we're paying now... how.. our industry pays $100/barrel to Saudis ..money gone.
Our oil producers sell a barrel to our industries $100/barrel.. Oil companies buy equipment and pay labor inside the U.S. the money is still here in our economy.. Da? It ain't brain straining is it?
Remember the Oil industry is going to be needed for another 20 years until we have perfected the Electric Auto and got it affordable, Solar and wind are a long way from being viable.
And as a last resort we can always go to war with someone and pit our weapons industry into high gear or better we can two other countries to go to war and like the bankers we can support both sides and have a booming business venture. What do you think.

reply to post by F4Driver

I sometimes wonder just how stupid,( sorry) illiterate our elected officials can be.... if you are broke you sell something you have of value to make extra and get extra job for income to help pay the bills.
You have to create a new income stream, not bleed the little business action producers you have to death... kill the cow giving milk for the meat and when the meat is gone you got nothing....Da??
Currently in our Gov's wisdom the purpose for the Gov. to want the immigrants is to put them to work to increase tax income... oops they all get on welfare.. create more expense for the Gov. Their idea is to have the immigrants support the welfare state... Bright no? Hell no.

Agree !!

How about we cut loose the movers and shaker business people like the Oil Pipe Line,, It will put 200,000 high paying direct jobs with an added another 200,000 jobs in support of those workers (home building, shopping, food. ect) Just look at Nebraska and Montana.. unemployment less than 4%.
Also remember every barrel we product and sell to our own industries we actually save 100% of the price we're paying now... how.. our industry pays $100/barrel to Saudis ..money gone.
Our oil producers sell a barrel to our industries $100/barrel.. Oil companies buy equipment and pay labor inside the U.S. the money is still here in our economy.. Da? It ain't brain straining is it?
Remember the Oil industry is going to be needed for another 20 years until we have perfected the Electric Auto and got it affordable, Solar and wind are a long way from being viable.

Obama said several times he would do the pipeline, but always reneged. The sad fact is that Obama Inc. is doing exactly what they want to do.

Their plan is to downgrade U.S. citizenship into semi-slavery

reply to post by xuenchen


Isn't that nice, what change since Early this month to now that make the Fed goes from "We will taper off the QEs" because the economy was doing better, to now is "anemic".

I tell you what happen, Walls street mobsters and too Colossal to collapse got a hipcup and toll the fed exactly what they can do if he takes away their monthly fix.

Three days of losses.

Who is your daddy Bernanke/

JP Morgan already said since 2012 that the QE3 should be extended until 2015 and that they should be working on the next QE4, see what Daddy wants Daddy gets.

The economy is never, ever to recuperate with the way is run this days, never, people do not expect any prosperity any time soon, hell no even in our lifetime and neither our children, just get them ready to become the welfare recipients of the future .

When the government tells that the economy is improving they are lying.

The too Colossal to fail now since the 2008 market crash when they were just "too big to fail" owns more than half of our economy.

But sadly the Too Colossal to fail also own more in toxic assets that they do in total assets so believe it, they are all in deep crap economically regardless of what they are posting as profits this days, the only thing keeping this economy is the monthly fix of QEs.

America lost its ability to proper again thanks to them.