DislikedI think FOMC should be honest and declare that BS is the most effective tool they possess. More powerful than QE, tapering, rate cuts, intervention etc. Helicopter Ben' big lesson is that if you deprive the market of clarity and transparency, you control them. I think Bullard's worries on low inflation have been completely overlooked today.Ignored
After so much money pumped, the inflation is still where it is, then where is all the money? Check the casino.. That's where it is.. And when it all crashes, the market will do the correction for them regardless then that's when the biggest wealth transfer will happen. First deflation, and then hyperinflation.. Oldest trick in the book.