2. After 15 seasons in the NFL and a Super Bowl ring with the Green Bay Packers, veteran quarterback Brett Favre first says he’s considering retirement during an interview with ESPN on Jan. 30, 2006.
“I wish I knew where I stood … If I had to pick right now and make a decision, I would say I’m not coming back,” Favre told ESPN’s Chris Mortenson.
Packers fans rejoice, ESPN executives are giddy, and Aaron Rodgers, Favre’s backup, curses his luck.
8. Following its policy-making meeting in September, when many analysts expected an announcement that bond purchasing would slow, the Fed instead said that it would continue bond purchases at its $85 billion-a-month pace.
Markets shoot up on the announcement that the Fed would not reduce its purchases, putting off the much anticipated “taper” to 2014 or at the very earliest, December. The S&P 500 would hit a record high by the end of the day. Treasury yields also dropped. In his press conference, Bernanke once again says that any decision to take down the bond purchases would be dependent on data about the health of the economy. But the rise in bond yields since the June Fed statement has had some of the effect that an actual taper would, and thus puts off the actual reduction in purchases for at least a few months.
11. At the end of October, following another Fed meeting, Bernanke sticks with his September commitment not to reduce bond purchases, keeping the $85 billion-a-month spend up until at least December.
14. Following the 2007 season, which ended with the Packers losing to the Giants in the NFC championship, Favre tearfully retires. He then unretires and demands a trade and is eventually shipped to the New York Jets. Favre would later retire in 2011.
His illustrious career eventually came to an end after a brief stint with the Minnesota Vikings.
16. We’ll find out if that actually happens after the Fed’s meeting tomorrow, when it will issue a statement announcing any changes in policy. Taper or no taper, let’s hope the last policy statement of Bernanke’s career doesn’t include any pictures.
Many economic policy observers are already speculating that a decision to taper will again be put off to sometime between January and March of next year.
Correction:This post original misstated how many Super Bowls Brett Favre won with the Green Bay Packers. He won one, not two.
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