So Much Inconsistency

By |2015-02-18T17:25:00-05:00February 18th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

I sincerely look forward to the day, which I believe wholeheartedly will come, when scant attention is paid to whatever monetary officials make for official statements about official positions. The times being what they are, however, demand inconsistency be answered. That is especially true wherever the FOMC has taken not just to being the “lender of last resort” as supposedly [...]