An article from Reuters about the Friday ‘communication’ from the Fed:
- Bullard wants to keep buying assets until inflation rises and unemployment drops,
- Plosser wants to reduce the pace sooner than later
- Williams said he think more accommodation is needed than he had been thinking a few months ago
No wonder the markets are confused. Maybe sowing some confusion is a Fed goal?
On balance, its Bernanke we have to pay most attention to. The boss man speaks to Congress on Wednesday and Thursday this week … but if he is leaving his position soon how long before his influence starts to wane?
