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Forever Fed: Jobs Blues Sets Up Eternal Easing

From cnbc.com

March's miserable jobs report stoked a debate about the strength of the economic recovery but helped settle any uncertainty over Federal Reserve policy. With growth of just 88,000 jobs and a sharp drop in workforce size came the realization that the central bank's lifeline to the markets and slow-moving economy would not be cut anytime soon. "That talk was always a little premature anyway," said Brad Sorensen, director of market and sector research at Charles Schwab. "The Fed is solidly in the continued full pedal-to-the-metal status at this point." Questions had arisen over Federal Reserve intentions in recent ... (full story)

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