Today, The Federal Reserve Open Market Committee announced that the key fed funds rate will remain unchanged at 0-0.25 percent and stated that it will continue its plan to stimulate the economy with low interest rates and will continue to buy up to $600 billion in U.S. Treasury bonds through the end of June.
This was the face of a trader works in the S&P 500 options pit at the Chicago Board Options Exchange on April 27, 2011 in Chicago. Speechless I am. As Joe Keckeissen, our admired professor of Austrian Economy, used to say: “The government must stop creating inflation!”
Photo via: Andrew Sullivan. Picture By Brian Kersey/Getty Images.
Filed under: Capitalism, economía, Economistas, Escuela Austríaca de Economía, History, Management, Philosophy | Tagged: 2011, April 27, bailout, bonds, chaos, Chicago Board Options Exchange, economic crisis, economic cycle, economic stimulus, economy, face, Federal funds, Federal Reserve, financial crisis, inflation, interest rates, Open Market Committee, picture, S&P 500, stimulus plan, trader, U.S. Treasury, US, usa |