Reaction To Latest Fed Speech

The latest edition of CNBC’s Squawk box featured CNBC’s Sr. Economist Steve Liesman’s response to Monday’s Fed forecast.

In his analysis, Mr. Liesman repeated Fed Chairman Ben Bernanke’s statement that inflation could go lower and offered a realistic view of the current job rate. The real jobless rate is closer to 17% and that will continue to substantially impact our economy. He did however state that the Fed sees inflation going “there way” and that the latest forecast gives the Fed room to be wrong in their assessment.

For more information on how this impacts the local real estate market, email dwalters@integritymtgonline.com.