We have not heard much from the Federal Reserve in the last 30 to 60 days. This is not unusual. The Federal Reserve needs to publicly state it’s latest positions with regard to inflation and the upcoming fiscal cliff.
However, due to the elections, the Federal Reserve has, as quietly as possible let it be known that it will stay on the sidelines until after the elections. The federal reserve does not want to influence the election, or say anything that could in any way be construed to be influencing the election. If one side of the political isle perceives the Federal Reserve to be taking sides, then the Fed may become a political target.