the composition of the FOMC voting members changes drastically as of January 1, with Hawks Fisher, Kocherlakota and Plosser now out of the voting rotation, and replacing them will be the gaggle of ferocious doves Pianalto, Lockhart and Williams. In fact the only hawk left in the Fed as of today through the end of the year is Richmond Fed's Jeffrey Lacker who has shown substantial dovishness in the past. In other words, from a rotation of 7 and 3, the Fed is now uber-dovish by a 9 to 1 majority. So does this mean that printing is imminent? Stay tuned and find out in 3 short weeks: the January FOMC statement comes out on January 25. The only good news: Charles "the fire hydrant" Evans is finally out.
from ZeroHedge post: http://www.zerohedge.com/news/presenting-new-birds-nest-fed
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Permalink Reply by Sven Hedin on January 5, 2012 at 8:45pm
Permalink Reply by Sven Hedin on January 7, 2012 at 2:49am http://mobile.nationaljournal.com/2012-presidential-campaign/paul-s...
Hélas en Français : It's a big booster to support Ron Paul worldwide in his Audit the Fed legislation. Sure I have to go into the OMC of the Fed more deeply later this year.
"Mitt Romney says Paul would endanger Israel and that he “thinks it’s OK for Iran to have a nuclear weapon.”
By Yochi J. Dreazen "
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