Fed Back-Pedals Hawkishness, Hints At Policy Error: “Monitoring Global Developments”, Admits “Growth Slowed Last Year”
by Tyler Durden
ZeroHedge.com
01/27/2016
Surging bonds and bullion and slumping stocks was not what Janet had in mind so she had some ‘splaining to do. Hopes for a “passive hawkish” note appear to be met as confirmation of dismal data dependence offers just enough dovishness for the stock bulls and just enough hawkishness for economy bulls.
FED REPEATS ECONOMY EXPECTED TO WARRANT ONLY GRADUAL RATE RISES
FOMC: REMOVES ‘REASONABLY CONFIDENT’ RE 2% MED-TERM INFL
FED CLOSELY MONITORING GLOBAL ECONOMIC, FINANCIAL DEVELOPMENTS
Treading a fine line between losing all credibility and exposing their total devotion to the stock market, it appears The Fed is maintaining its delusion that everything will be fine as they unwind the largest and most experimental monetary policy of all time, and yet for the first time we get proof that the Fed admits it made an error by hiking into a slowing economy: “labor market conditions improved further even as economic growth slowed late last year.
The Rest…HERE
