Evans Wants more Easing at the Fed, Back to Greece

The Fed kept rates unchanged, with the same schedule for its Operation Twist, but Chicago Fed chief Charles Evans was the only dissenter demanding more easing action. It is ironic, that the head of the Chicago Fed, the city of bond vigilantes (bond trades seeking to punish inflation by raising yields and selling bonds) is the only FOMC member demanding more easing. Historically, Chicago Fed Chiefs (such as former Chi Fed William Moscow) were among the most hawkish members of the US central bank. Bernanke will give his press conference at 14:15 EST (18:15 GMT/London), while Greek PMI Papandreou is meeting with Merkozy & the rest of the EU officials (at 16:30 GMT), followed by another meeting at then at 15:00 EST (19:00 GMT). Merkozy have reportedly told Papandreou that any referendum ought to be held before January and that central question should be whether Greece should stay in the Eurozone and European Union, rather than asking about the need to adhere to austerity. New Premium trades shall be issued near the US close. Meanwhile, see our current trade sin progress here: http://ashraflaidi.com/products/sub01/access/?a=539 NONsubscribers can join here: http://ashraflaidi.com/products/sub01/

Ashraf