Double bubble Bullard
Mismatch between markets and Fed dot plot is causing distortions in global markets
Best thing for Fed to say is that the economy is not likely to change much in the foreseeable future
Fed should acknowledge that the economy won't change much without an outside shock
Fed
should make a rate hike move sometime this year and then go on hold
until end of 2018 unless there is a shock that changes the outlook
Blimey,
I find myself agreeing with him about how the Fed should tell it. And
as for the poxy dot plot, how is it a surprise that the market doesn't
believe them when it keeps getting confirmation of its beliefs by
reduced Fed expectations for the path of rates?
