It’s Official… the Fed Just Admitted the Whole “Recovery” Narrative is Fiction
by Phoenix Capital
ZeroHedge.com
Jul 14, 2016
Central Bankers are absolutely terrified.
Case in point, yesterday Cleveland Fed President Loretta Mester suggested that the “next step” in monetary policy is “Helicopter money.”
Here are the key quotes:
However, Dr Mester signalled that in the event of another shock or economic downturn that most likely option would be more quantitative easing-style money printing.
“In the US we’ve done quantitative easing and I think that’s proven to be useful,” she observed.
The Rest…HERE