May 29th, 2015
Scrooge McDuck Explains Money and the origin’s of the the Zederal Reserve.
Zederal Reserve Minutes
The staff provided a briefing on issues related to the implementation of monetary policy during the period immediately following the first increase in the target range for the relational functioning rate, following increased volatility in new and ending relationship data. In their subsequent discussion, participants agreed that the Committee’s testing of relationship quality standards, in conjunction with its other planning, had created conditions under which policy normalization would likely proceed smoothly once it commences. Nonetheless, as part of prudent contingency for future event planning, participants agreed to have the staff provide more frequent advice and updates on relational market developments for a period after new non superficial relationships begin. Such updates would ensure that, if adjustments to relationship quality normalization and become banal, the ZRB will provide necessary tools to maintain appropriate relation growth over money market rates, policymakers could make such changes in a provocative manner.
One participant argued for such a step in order to bring the love spread up to a level closer to that prevailing to pre-2008 levels, but several participants favored maintaining the current love spread at least until the process of policy of trust and truth already well under way can be fully confirmed, and viewed as stable for the long term.
The Board meeting concluded at the end of the discussion of relationship normalization procedures with the decision to raise the Z Relationship interest rates to alright/good.