The Fed’s Bill Dudley just unleashed the most cognitively dissonant statement of his career. That superlative is highlighted by theses two headlines:
- DUDLEY SAYS U.S. ECONOMY IS IN QUITE GOOD SHAPE
- DUDLEY: DON’T SEE NEGATIVE RATES HAVING ‘BIG CONSEQUENCE’
Try telling The BoJ’s Kuroda that!!
Nope – no consequence at all…
Yet again his comments confirm The Fed’s utter confusion…
Today:
- DUDLEY: MANY STEPS BEFORE FED WOULD CONSIDER NEGATIVE RATES
Yesterday:
- YELLEN: FED LOOKING AT NEGATIVE RATES AGAIN
via Zero Hedge http://ift.tt/1PRlGJB Tyler Durden