Disliked{quote} I agree BW. I think they just talked again to calm down the equity markets. They're afraid if equities fall too much it might affect the economy so easier to "talk" than to change their purchase plans. They know they can't keep purchasing forever and letting interest rates rise would be a big problem when it comes to servicing all the debt.Ignored
It's hard to know to what extent they are concerned by the absolute level of the equity markets rather than the path to what must surely be lower prices in the months ahead i.e. maybe they are concerned more by volatility than by levels, although I think they should be concerned with neither; it's none of their effing business except to the extent that markets reach extreme levels of over- or under-valuation.
It is a sad indictment though that we live in times when we even have to ask whether the central bank of the world's largest economy is or is not concerned with the levels of its stock markets. The U.S. is supposed to be a capitalist economy, right?
This whole overcommunication business is getting ridiculous: they are holding the hand of the equities market like it's a frightened toddler: "don't worry, we're right here by your side, nothing bad is going to happen".
I have no clue what I'm talking about.