https://www.cnbc.com/2018/12/21/ny-...ys-the-fed-could-reevaluate-view-in-2019.html
We did not make a decision to change the balance sheet normalization right now, but as I said, we're going to go into the new year with eyes wide open, willing to read the data, and reassess the economic outlook and take the right policy decisions," Williams told CNBC.
Is this a joke ? How bad can they get, this cannot be the leaders of a trillion dollar industry... Destroy the bond market, only to backtrack 2 days later saying willing to read the data now ? This has to be one of the cons in modern economy, how can they be so stupid and have such important positions at the same time ? WILLING TO READ THE DATA he said, they clearly are not data dependent as they seemed to preach, by reading there own data standards, indicated serious troubles of tightening too quick, inflation is way below 2 %, commodities and oil have to drop 40 % in a few months to be considered under 2 % inflation going forward ? 29 % drop wasn't enough ?
Fuck Jerome " Gut Feeling " Powell and his cronies, they knew exactly what they were doing, they use the shadow rate theory to asses situation, and that theory indicated bond market destruction if they did not wait it out until Jan-March 2019 to tighten sheet again... These clowns will soften up big time January 30th at next meeting, and by end 2019 cut rates again, Australia about to cut rates and QE, Canada paused hikes and it seems permanent, US firing at all cylinders tho
We did not make a decision to change the balance sheet normalization right now, but as I said, we're going to go into the new year with eyes wide open, willing to read the data, and reassess the economic outlook and take the right policy decisions," Williams told CNBC.
Is this a joke ? How bad can they get, this cannot be the leaders of a trillion dollar industry... Destroy the bond market, only to backtrack 2 days later saying willing to read the data now ? This has to be one of the cons in modern economy, how can they be so stupid and have such important positions at the same time ? WILLING TO READ THE DATA he said, they clearly are not data dependent as they seemed to preach, by reading there own data standards, indicated serious troubles of tightening too quick, inflation is way below 2 %, commodities and oil have to drop 40 % in a few months to be considered under 2 % inflation going forward ? 29 % drop wasn't enough ?
Fuck Jerome " Gut Feeling " Powell and his cronies, they knew exactly what they were doing, they use the shadow rate theory to asses situation, and that theory indicated bond market destruction if they did not wait it out until Jan-March 2019 to tighten sheet again... These clowns will soften up big time January 30th at next meeting, and by end 2019 cut rates again, Australia about to cut rates and QE, Canada paused hikes and it seems permanent, US firing at all cylinders tho
