Fed/GDP No party pooper

Federal Reserve Chairman Ben Bernanke has repeatedly said that he wasn’t comfortable with inflation and that strong economic signs would lead him to tighten money. Today we got the signs - but the Fed sat on its hands for the fifth consecutive meeting. Wall Street’s party can therefore continue. To be fair, economic signals are tough to read at present. Fourth quarter GDP growth was 3.5%, above expectations, which should have inclined the Fed to tighten. However, apart from this «advance» GDP e...