Gaffen: "The market the Fed continues to brush off is the currency
market… The stock market got what it wanted, which was its candy."
Stanley: "This statement has all the subtlety of a sledgehammer. The
FOMC has just stated unequivocally that “we think we are done easing.”"
Hanlon: "It will take action, not words, to reign in rampant inflationary
Reddy: "The fact that six banks didn’t make requests for quarter-point
discount rate cuts could mean today’s FOMC meeting featured more debate
about whether such a cut in the federal-funds rate was appropriate."
Polley: "It is a good statement… better than the last."
DeLong: "For the First Time Since 1997, the Fed Is More Dovish than
And then of course there’s this: