Countering the more hawkish tone in Fed speeches given by Fisher, Plosser, Kocherlakota and Lacker, the Fed’s Vice Chairman is taking the exact opposite tact and saying that there is nothing to fear with inflation and sees no reason to pull back from stimulus. Adults can always disagree when looking at the same set of facts but to see no reason to pull back from a tripling of their balance sheet and virtually zero interest rates is a view that is tough to square with and highlights that this Fed is run by the most extreme doves the institution has ever seen. He also said the rise in commodity prices has “virtually nothing” to do with Fed policy. They take a lot of credit for lifting stock prices and tightening corporate credit spreads but commodity prices are somehow in its own fundamental universe according to the Vice Chairman of the Federal Reserve. I grit my teeth.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.