Fed’s Open Mouth Operations Having Complications – Ep. 54

* Two days of bad economic news this shortened week
* The Fed still says the economy is recovering
* Recent FOMC minutes maintains pretense they can raise interest rates
* FOMC members are worried about raising rates "too soon"
* The Fed is worried about how to remove the word "patient" from communications
* How confident can the Fed be in the "recovery" if they still fear raising interest rates?
* The "recovery" was just a bubble masquerading as a recovery
* If we had a real recovery the Fed could have already raised rates
* They are now concerned about weakness overseas
* They are worried about a strong dollar
* They expressed concerns about the risks of lower oil prices
* Low inflation causes concerns
* The Fed is clearly paying attention to the negative economic news
* Empire State Manufacturing down
* Home Builder Confidence at 4-month low
* Industrial production weak
* PPI number declined .8
* Eventually the economic numbers will force the Fed to acknowledge weakness and resume stimulus


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