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"By aggressively easing the stance of monetary policy, the Federal Reserve has moved to support demand and, we trust, help lay the groundwork for the economy to achieve maximum sustainable growth," he said.
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As you know, in response to the further weakening of economic conditions, the Federal Reserve has continued to ease the stance of monetary policy.
Ultimately, the minutes said, "most members judged that a substantial easing in the stance of monetary policy was warranted".
Though presented as an offer to help ease tensions, the stance amounts to a sharp rebuke to China.
By the summer the government will have to choose between maintaining a tough fiscal stance (a condition for joining the euro) and easing the pain of recession.
Easing the Transition Q.
However, the decline in energy prices is also likely to ease the global fiscal stance.
"While the full effects of earlier measures are yet to be observed, the board judged at today's meeting that a further easing in the stance of monetary policy was appropriate now," said Glenn Stevens, the central bank governor.
Mr. Tillerson's plan to remove all human rights conditions on a sale of arms to Bahrain could end a rift, but also suggest to regional powers that the U.S. is easing its stance on the protections for dissidents and protesters.
Israelis, he said, are apprehensive that Obama will ease the staunchly pro-Israel stance of his predecessor, George W. Bush.
David Walton of Goldman Sachs, an investment bank, says that "at some point, the easing in the fiscal stance is likely to lead to upward pressure on interest rates".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com