April 20 - Fed members may disagree with each other in public about whether the economy needs more stimulus in 2012 but behind closed doors Fed officials remain cordial say Reuters correspondents Mark Felsenthal and Pedro da Costa.
So mark fed officials are out in full force is like 34 speeches today it is really is the federal open mouth committee to -- to some extent these guys have the speaker of the constituencies the hawks like cultural code. Like Charles -- You know Jeffrey lacquer these people have bankers business people who are really kind of nervous about inflation nervous about lower rates. I don't really think these guys are ones making decisions about where the feds could go to. Find out what's gonna happen -- pay attention to Bernanke potentially Janet Yellen pay attention until the middle of New York. And you know look for the Fed to be kind of whistling past the graveyard of the economy hoping that they don't have to do anything but being ready thin. To do it if they need to and -- speech is pretty clear enough points to defend the defense promise to keep rates on until late when he fourteen. She suggested they're nowhere in -- tightening. Right I imagine that the markets pay attention to her right but she also didn't give any enormous sense of QE3 and -- many factors preventing things from wanting to do anything. They got a ton of political push back last time around. They have -- within the committee who don't wanna do it. They're gonna get accused of electioneering if they do it in during the run up to the presidential election so. Really it really. Kind of raises the bar even higher for. Any kind of act which -- all the questions about what is their civil war within the -- communities that's really at odds with each other -- the -- me is that what you know the rhetoric may sometimes sound that way now I think there ultimately most of them are very good friends they've played golf together on the weekend they might have opposing views on policy but I think the debate is very cordial and they kind of respect each other. So here's the thing that I think is going on I think we have to dangle Q3 out in front of the markets anyway I think they have to keep alive the hope that they would do something. But you think they're -- that's something. Well I think that. Defense tendency has been to err on the side of doing too much so I think if there's further weakness in the economy and there are a lot of result there was China and Europe. That they will -- they have to put about that the president Romney. And could be a different story.