Fed Destroys Mainstream Meme, Admits Low Oil Prices “Could Dampen Economic Expansion”

Wednesday, February 18, 2015
By Paul Martin

by Tyler Durden

When even The Fed is unable to keep its story straight on the impact of low oil prices, the entire facade of ‘household spending’ enhancement must collapse (as the data shows). After six months of lower prices, retail spending is still tumbling… and it appears The Fed is finally fessing up… “persistently low energy prices… could damp the overall expansion of economic activity for a period, especially if the slowing took place after most of the positive effects of lower energy prices on growth in household spending had occurred.” Wait what!?

The Rest…HERE

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