Fed reduces 2009 outlook

[Richard Warren]

Federal Reserve reduced its economic outlook for 2009.

I'm shocked! The Fed actually realizes what most of us have known all along. We'll see how that changes the deficit forecast. Remeber first it was oing to be $1 trillion, then it was revised to $1.8 trillion. Next we'll be talking about $2 trillion+. And that was based on the economy recovering this year and also used a very robust assumption of 3.2% GDP growth for 2010. I can't wait to see the spin on this.

http://finance.yahoo.com/news/Stocks-close-lower-after-Fed-apf-15309661.html?sec=topStories&pos=main&asset=&ccode=

:cool: