Stocks Stumble After Fed's Bullard Raises Mutiny Concerns, Signals April "Live"
US equities are stumbling this morning, giving their bullish terrorism gains, as oil slides and voting FOMC member Jim Bullard appears to raise the specter of mutiny in the Eccles Building. Speaking on Bloomberg TV, he suggested he wanted to withdraw from the dot-plot forcecasts adding that he believes Fed policy is merely "in reasonably good shape." Finally, following Lockhart and Evans, Bullard also warned that April was "live,' as it appears. The Fed wants to talk back some exuberance in the market.
Headlines:
- *BULLARD SAYS HE'S GROWING CONCERNED ABOUT GUIDANCE IN DOT PLOT
- *BULLARD: DOT PLOT MAY HAVE HELPED TRIGGER EARLY-2016 SELL-OFF
- *BULLARD SAYS HE CONSIDERED WITHDRAWING FROM DOT FORECASTING
- *BULLARD SAYS FED POLICY IS IN `REASONABLY GOOD SHAPE'
- *BULLARD SAYS FED DOT PLOT IMPLICITLY GIVING FORWARD GUIDANCE
- *BULLARD SAYS ALL FOMC MEETINGS SHOULD HAVE PRESS CONFERENCES
- *BULLARD SAYS THERE MAY BE A CASE TO BE MADE FOR APRIL FED MOVE
And it appears the market is not happy about that uncertainty...
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LOL the Fed is in good shape after zirp for years and not even 1% Fed funds rate and is scared raising even 1/4 of a percent? What world are these guys from. It's sad that these members are the fiscally conservative ones on the Fed. The central bank will kill capitalism well before we elect a socialist President. The Federal Reserve members need to be elected and need to take an oath to the Constitution and to the capitalist ideal.