Isn’t it amazing what 2000 Dow points will do to a Federal Reserve member’s perspective of ‘the economy’ and ‘inflation expectations’. Bullard is back again today:
- *BULLARD: INFLATION EXPECTATIONS REBOUNDED SINCE MID-OCTOBER
- *BULLARD: FED TO RAISE RATES IN 2015, TIMING DETERMINED BY DATA
So basically calling off QE4 until the next 9.9% correction… Dow-Data-Dependent indeed
If by ‘inflation expectations’ he means the Dow Jones Industrial Average….
Because it appears inflation expectations didn’t “rise” too much…
Meanwhile, here are St Louis Fed “research” officials hard at work maintaing the narrative:
@zerohedge Ha ha, you are such a dickhead … it’s wonderful!
— David Andolfatto (@dandolfa) November 14, 2014
via Zero Hedge http://ift.tt/1pZbAvP Tyler Durden