‘Terrible Communicator’ Powell Inexplicably Coy On Funding Squeeze As Trump Laments Another Fed ‘Fail’
The initial reaction to the September Fed decision was that the FOMC delivered a "hawkish cut".
One analyst told Bloomberg in an e-mail that the committee has "softly" signaled that easing might have just come to an end. "[This] has all the hallmarks of a hawkish cut", another said.
Rosengren and George were not shaken out of their dissents, the second paragraph in the statement did not suggest a predisposition to ease aggressively and, perhaps more notably, it doesn't look like the Fed is in
That tweet was queued up and ready to go this morning.
Never mind the subtle easter eggs about QE4…. let’s just manufacture another fake crisis instead
those were not references to “QE4”. they were references to expanding the balance sheet to alleviate reserve scarcity. i.e., “QE-lite”