Should the US Federal Reserve curtail their bond buying spree? Please write and tell us what you think.
In the following Reuters news article, http://www.reuters.com/article/2011/03/28/us-usa-fed-idUSTRE72L4ZQ20110328 Chicago Fed President Charles Evans and Atlanta Fed President Dennis Lockhart suggested that inflation isn’t at 1.5 % yet…so there’s not a problem and therefore no need to curb the 600 billion dollar buying spree.
This north orange county real estate blogger is wondering what planet these two Fed chairmen live on and how much buying power the currency that they use has there (in planet Fed) has because here in sunny Anaheim Hills, California, the dollar isn’t pulling its weight anymore. Even if it had a fighting chance, gasoline prices are enough of an oppressive yoke on consumers that it is not presumtive to say that the bond buying program has outlived its welcome by almost a year and a half .