Loading ...Data Dependent Fed Ignores ‘Data’ – Bullard Joins Williams In Call For QE4
Submitted by Tyler Durden on 10/16/2014 10:29 -0400
As yet another fed speaker takes the jawboning lectern today, it is becomingly increasingly clear that The Fed truly has only one mandate – to keep stocks up. While claiming to be “data-dependent”, which judging by the general trend of government-supplied data (and President Obama), things are going great; Jim Bullard joins his intervention-prone colleague Williams:
BULLARD SAYS BOND PURCHASES SHOULD BE DATA DEPENDENT
and
SAYS ‘U.S. FUNDAMENTALS REMAIN STRONG’
but
BULLARD SAYS FED SHOULD CONSIDER DELAY IN ENDING QE.