Out of Control Policy Blog

Fed Laughter

This is... well, funny?

The blog, The Daily Stag Hunt, tracked the times “laughter” was recorded by the Fed’s stenographer during the FOMC meetings. In 2001, the FOMC averaged 16.5 moments of guffaws per meeting. In 2006, there were, on average, 44 outbreaks of laughter.

For those of you keeping score at home, that would be a lot of laughter as the world started collapse in around all of us. Guess it is not that funny. See the whole story at CNBC.

Anthony Randazzo is Director of Economic Research

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