Friday, September 20, 2013

Bernanke to stay?

Now that the Fed did NOT Taper, and that Larry Summers has taken himself out of the race (for the Fed Chairmanship), maybe Bernanke has changed his mind and decided to stay?

Whatever it is, to me, the Fed has TOTALLY lost its Credibility.

Monetary Policy without Credibility will never work, period.

The Fed should have taken the chance to Taper, everything has been set up so beautifully.