BLOOMBERG Bloomberg Markets January 27, 2016
Says it is affecting exports and a lot of places. The beige book. Other than that, the language remains largely unchanged. The updated their broad statement of purpose. Two things are changed. It used to be that the longterm natural rate of employment was 5. 25. 5 . Now, they say it is lower, 4. 9 . Theyve adopted new language on understanding inflation. Concerned if indeed inflation runs below its target consistently, jim bullard of the st. Louis fed dissented from that statement. Hes even more worried about losing the anchor on inflation. Something he has been talking about for a wild. More ...