Jerome PowellJerome Powell here. Good afternoon. All 12 members of the Federal Open Market Committee (FOMC) got together over lunch today of smoked salmon flown in from Norway, steamed and lightly buttered fiddle heads fresh from Japan, black radish cultivated in Europe, New Zealand yams, and Russian caviar. The main meal was followed up with seasonal raspberries topped with fresh whipped cream.
After lunch we retired to the smoking lounge for Cuban cigars and a chit chat.
The good news for all of you is that at no time was there ever any mention of sound money, cyber currency, gold, or commodity inflation. These are issues put to rest a long time ago.
The members did discuss our open market operations, the discount rate, and reserve requirements.
All the members agree that things have been going so well over the last number of years that there is no reason to upset the apple cart and make any changes in the near future and as far out into the future as any member could see. In keeping with that, it was decided that maybe in a year and a half from now or even longer it may be appropriate to set a date further into the future for further talks on how to plot dots if even possible at all or maybe so if any member is even brave enough to move their dot.
With that out of the way, members settled down for a friendly chit chat over their upcoming golf season, their recommended best private jets, and share photos of their trophy wives.
Thank you for listening. On behalf of the FOMC members we would like to wish you all well in our new global financialized, leveraged economies.