Fed’s Bullard Menaces Markets With Interest Rate Hike Jargon

The psychotics at the Fed are at it again. I want you to forget all of the horseshit you’ve read regarding why the Fed is going to hike and remember the real reason why they’re desperately making the case to raise them.

The very first argument was they wanted to raise now so they could lower them later. Using that logic, the Fed must fear we’re nearing the top of the economic cycle and want to raise rates as fast as they can, in order to lower them later and save the world from insurmountable devastation.

This argument is complete horseshit. Nevertheless, this is their plan.

Bullard is out this morning, menacing markets in incorrigible tones, pressing and clamoring and pressing again for higher rates.

“The relatively minor downgrades contained in the March SEP suggest that the next rate increase may not be far off provided that the economy evolves as expected,” Bullard said in a speech in New York on Thursday, referring to Fed officials’ quarterly forecasts, known as the Summary of Economic Projections.

Bullard in his speech said the outlook for U.S. and global growth was “downgraded somewhat” from December, while “the outlook for the U.S. labor market was upgraded somewhat” in the forecasts. Other variables were left about the same, he said. Bullard is a Fed policy voter this year.

“Not following through on a proposed action can damage a policy maker’s credibility,” in the absence of a change in data or the outlook, Bullard said.

Fucked.