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Powell In 2014: The Dot Plot Is A Lot Like Chernobyl
On page 78 of the newly-released transcript from the March 18-19, 2014, Fed meeting, Janet Yellen tu
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I never really understood why the market seems to parse every word coming off of a Fed meeting or statement… Those Fed Govs are only human , not necessarily of the same opinion , and if they say it the way they see it and don’t deny the obvious (what’s obvious then again.) then they are doing what has been designed by the system as a workable approach.. The politics of an independent Fed ….well that is another matter fit for discussion. The market lacks any sense of Humor…for sure….Darn those machines !!!