The Wall Street Journal have an article up with a quick summary of the Federal Reserve decision today, in a ‘5 takeaways’ format. I love the 5 takeaways, each time I see it it reminds me of this

North Korea and Chinese take aways

But, I digress …

Here’s the Journal’s points (dot points???):

  1. Fed steeply cut its estimates for U.S. economic growth this year
  2. An expansion that, despite heavy Fed support, remains … anemic
  3. Yellen doesn’t see any broad financial stability threats to derail the Fed from keeping rates near zero
  4. The ‘taper’ is still data-dependent (inserts sarcastic ‘Yeah, right”)
  5. The steep reduction in this year’s growth projections were accompanied by a policy statement that appeared remarkably optimistic… this is a disconnect

There is more at the article, and it appears to be ungated.