The Fed Is Busy Setting It's Exit Strategy

By having "non-voting" members like the Kansas City Fed's Hoenig, the message starts to get out in an official capacity without spooking the credit markets. Asset prices are the target because the central bank is now realizing that it is contributing to another bubble if it does not act swiftly.

Commodities and equities are the major fear in disrupting the economic righting. The same mistake CANNOT be made again, allowing the Greenspan era debate to repeat.

The rate of recovery was important, but the rate of exit is even more so.