-
"I am not looking for any major action from this meeting, " says David Jones, an economist at DMJ Advisors.
NPR: Fed Likely To Stick With Low-Rate Stance This Week
-
David Jones, president of the DMJ Advisors LLC, and a former Wall Street Fed watcher for 35 years, is forecasting 2012 GDP growth at a 2.75% rate.
FORBES: Fed Watch 2012: What Does Ben Have Up His Sleeve Now?
-
David Jones, chief economist at DMJ Advisors, said that in saying it could increase or decrease its bond purchases, the Fed wants to show flexibility: It's ready to respond, whether the economy improves or weakens significantly.
NPR: Fed Keeps Stimulus, Says Taxes And Cuts Have Hurt