As the chart below makes clear, the Fed is meeting is now meeting its congressionally mandated objectives. The same objectives Yellen & Co., has thrown in the face of the public at every Fed meeting to justify a continued ultra-loose monetary policy when none was needed. Now that the mandate has been met, look for the Fed to dream up new and even less credible ways to keep the monetary spigot wide open.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Surprise: Battery Powered Cars Don’t Work Well in Extreme Temperatures - February 20, 2019
- What Do You Need to Do Before You Retire? - February 19, 2019
- After Long Declines, Branded Consumer Companies Comfortable Raising Prices - February 15, 2019