Translating FedSpeak

[Terry Penrod]

.

STORY:

http://story.news.yahoo.com/news?tmpl=story&cid=509&ncid=749&e=6&u=/ap/20040517/ap_on_bi_ge/fed_dictionary


Jeesh, even I can translate everything they say as follows.

1. You're getting screwed.

2. We're screwing you.

3. Yep, you're still getting screwed by us.

4. Oops, we're all really screwed now.


Cheers, Terry

.

[Mara]

Fed policy-makers in the May statement also added the phrase: "policy accommodation can be removed at a pace that is likely to be measured." Huh?

:eek: