|
Membership Revoked
|
Joined Jan 2007
|2684 Comments
Meaningless words by Fisher.
When the excess liquidity is actually being removed from the interbank market.
When oil prices actually start to go down because the USD is allowed to strengthen.
When the US stock markets are allowed to rise and fall based upon real investor decisions rather then liquidity being used to pump up price.
Maybe then the Fed would demonstrate some credibility. Until then this is just a political plug to cover what the Fed has really been up to.