This helicopter is ready for landing
The economy is looking soft. But don't expect more easing out of the Fed tomorrow. Here's why.
Minutes from its March policy meeting show Fed officials all over the place on the central bank's bond-buying strategy.
Monetary hawks want to end bond purchases because they think quantitative easing creates big risks. The doves are showing more openness because they think the policies are working.
We imagine what might happen at this afternoon's press conference if someone switched Ben Bernanke's water glass for gin.
New speeches by the two most powerful Fed officials make one thing crystal clear: Monetary easing isn't ending anytime soon.
Last month, the Fed took its biggest action in two years. But the minutes of the debate suggests it could have done much more.