• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Another Fed President Confirms Fed Credibility Undermined

Tyler Durden's picture




 

We have heard from the doves, now the hawks. Dallas Fed's Fisher (a non-voting member) pulls no punches in his speech this morning. Confirming Esther George's comments last week, and our views on the same:

  • *FISHER SAYS HE TRIED LAST WEEK TO PERSUADE FOMC TO TAPER QE
  • *FISHER SAYS DECISION NOT TO TAPER QE UNDERMINED FED CREDIBILITY

But that was not it. The well-known hawk went to warn that:

  • *FISHER: BIGGEST BANKS ARE `DAGGER POINTED' AT ECONOMY'S HEART
  • *FISHER SAYS NO QE TAPER ADDS TO `UNCERTAINTY' ABOUT FED POLICY

None of this should come as a surprise as Fisher told Santelli earlier in the year that "this cannot go on forever!"

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