And still he goes on
- US fundamentals look pretty good at the moment
- His inflation outlook hasn't changed much since Sep
- Confident Yellen can effectively communicate rate path
- Other central bank's failed attempts to lift rates has made him nervous
- There will be a lot to assess in first 6 months following first hike
- It's a terribly difficult task to come to a consensus on FOMC statement
- Once Fed hikes it will be even harder to reach inflation target
At ForexLive we constantly preach simplicity when trying to trade. If Evans and the FOMC can't make raising rates a smidge a simple process then we're all in trouble. He's making it sound like he's standing on the edge of a 1000 foot cliff. Just raise the goddam rate and tell everyone that's it until we decide to raise again. As we used to say on the floor, "He who finesses wears dresses" Basically, stops fart arsing around and do the frigging trade :-D
