“The Fed Must Stop Pandering To Markets” Or Face The Unintended Consequences
by Tyler Durden
ZeroHedge.com
10/27/2014
The Fed needs to “let the market cry itself to sleep,” warns Triple T Consulting’s Sean Keane, and can’t “keep pandering to each selloff because traders fear that the lights are going to be dimmed.”
As Bloomberg reports, Keane adds that
Each Fed response to “such market episodes” will make the eventual exit harder and more painful; it should be hoped that Fed “sticks to its plans” and ends QE
Few now believe Fed’s asset purchases are boosting the economy;
Some argue the Fed is “accentuating a distortion in the markets” that’s already having “unwelcome and unintended consequences.”
The Rest…HERE
