Friday, February 22, 2013

Spot On

Yesterday, I said that the market's reaction to the "divided Fed" on when qualitative easing would end was a classic head fake.

Spot on.

Today, CNBC is reporting:
The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday.
"This is a monetary policy that packs a punch," said Bullard, who's a voting member on the Federal Open Market Committee (FOMC).

Uncertainty about the future of the central bank's bond buying program has weighed on the stock market in recent days.

No comments:

Post a Comment