Former Fed Governor Admits “Fed Is Not Data Dependent; It Is Propping Up Asset Markets”
by Samuel Bryan via SchiffGold.com,
ZeroHedge.com
Jul 22, 2016
“They look to me asset price dependent more than they look data dependent. When the stock market falls like it did in the beginning of this year, they say, ‘Oh, we better not do anything.’ Stock markets are now at career highs. I suspect when they meet next week they will suggest, ‘Oh, now they look like they can be somewhat more responsible.’”
The Rest…HERE