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Fed's Lacker Admits Fed Is "Market" Data-Dependent
As if we needed yet more confirmation that The Fed is Dow-Data-Dependent (not economic data dependent), Reuters reports that The Fed's Jeff Lacker thinks rate shoould rise now that "markets have calmed"...
Global financial markets have settled since the August turmoil that caused the U.S. Federal Reserve to delay raising rates, so that it will soon be appropriate to make the policy change, Atlanta Fed President Dennis Lockhart said on Wednesday.
"I am now reasonably satisfied the situation has settled down... So I am comfortable with moving off zero soon, conditioned on no marked deterioration in economic conditions," Lockhart told a conference of bankers, traders and regulators.
"I believe it will soon be appropriate to begin a new policy phase," he said, adding he will monitor economic data between now and a policy meeting on Dec. 15-16.
So what changed?
Which begs the question - what happens if VIX rises and stocks fall between now and December?

Charts: Bloomberg
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Shit sandwich. Doesn't matter where you bite in, it tastes like crap.
Moral of the story: don't eat shit sandwiches.
Lying liar is lie.
The advice, however, is sound. Unless of course, you like shit sandwiches. Then by all means, munch away.
Give me a double decker turd burger and a side shit for brains to go with it......
You make an interesting point re my alternative monetary equivalent: the turdollar.
Some people would be especially wealthy for all that shit stored btw/ their ears.
I expect most Oblowme voters would be fucking multizillionaires.
https://www.youtube.com/watch?v=yiJ9fy1qSFI the cool new thing.....
Fuck you Dudley! Fuck you Lacker! It is not your fucking job to worry about the stock bubble. You need to get off you ass and get off your Keynsian horse you dipshit.
more like he has to take head out of the ass of the keynesian horse
Bored.
Meanwhile, the major indices having turned back into the green, are surging.
Don't fight the Fed.
FED's overriding mandate. Ensure the stability of the stock market with a rising trend. (and serve banks, etc).
The announced dual mandate is for public consumption only.
Vote to audit Fed coming up.
http://dailysignal.com/2015/11/16/auditing-the-fed-and-3-other-monetary-...
Thats about as likely to happen as this december rate hike all the "economists" seem to be so sure of
S#!T His lips were moving.
We knew since the beginning that FED's emplyees are day traders.
When terrorist kill hundreds and the market finds it as good news, we really have reached a low in our morals and perception. It is time to take the free money away from these sociopaths.
Soon. like by 2021 soon?
keep talkin...
got my finger on the Silver buy button and gonna push it if it touches the $13 handel...........