Fed Gives Market Clues on Exit From Unprecedented Easing
"The Federal Reserve is trying to let investors know that, even as it pursues an unprecedented expansion of monetary stimulus, it hasn’t forgotten about exiting."
Translation: The Fed is playing both sides of the expectations game and feels that the pendulum has swung too far toward the inflation view, thereby threatening the the Fed's ability to continue the inflation at a later time. The Fed stands ready to over see epic asset price destruction and bubbles alike in order to fulfill its mandate to promote the most volatile macro casino possible, with very real winners and very real losers.
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