Fed’s Kaplan is out tonight with hawkish comments on the US economy, suggesting that 1.9% growth is enough to start tightening.
“We’re approaching that time where I think it would be prudent to remove some accommodation,” he said.
He did, however, provide insight into why the Fed hasn’t been hiking like rabid dogs all these idle months.
“I thought we’d be wise to, in light of what just happened in the first part of the year [in global markets], we’d be wise to turn over few more cards and be patient,” the central banker said.
Fed’s Kaplan summarizes his philosophy on life.
If you enjoy the content at iBankCoin, please follow us on Twitter“Being cautious or patient doesn’t mean standing still.”
What card game is he playing?
Liars poker. The Fed cannot “normalize” rates. Not gonna happen. All this hawkish blather is just a facade to fool the public that things are not so bad.
“Oh, look at the nice shiny rally we have going since Feb 11.” People are forgetting that bear market rallies are often sharper and more aggressive than bull market rallies because they’re aided by short covering.
WE ARE IN THE EARLY STAGES OF A BEAR MARKET.
I’d say the restored-indexes are more the… facade to fool the public. I’d like to… audit the Oct-Nov ’15… move. &mid Feb-Apr.
either way
you havent gotten
Oct ’14 yet and you wont
Welcome, Devil Dog Kaplan.