Obama spokesman Gibbs says that the Fed has “fired most of its bullets” on monetary policy and it is now up to fiscal stimulus to revive the economy. The Obama team seems content to tick-off the Chinese and the Fed ( by encroaching on their turf). in the very same week. “No comment” on monetary policy is the age-old White House reply.
US stocks have turned lower, now down about 0.3% after being up more than 2% earlier in the day. EUR/JPY Has been dragged down as well and now trades at 116.60. EUR/USD is at 1.3105.
