Fed's Williams and Fisher are talking this morning in an oddly frank (and concerning) manner...
- WILLIAMS SAYS 'SOFT LANDINGS' IN MONETARY POLICY NEVER HAPPEN
- WILLIAMS: FED NEEDS TO CONTINUE TO BE WARY OF EXCESSIVE RISK
- Williams says our extraordinary policies could have adverse consequences down the road
- Fisher must be wary of markets potential to overshoot
So, we have had Tarullo (Feb) and Yellen (May) warning of bubbles in small caps and credit and now Williams and Fisher sounding some alarms... Don't fight the Fed! (unless the Fed says 'sell') It seems the market is heeding the message in the short-term...
[5]
And then there's this:
- *FISHER CONCERNED THERE’S ‘ALMOST NO VOLATILITY IN MARKETS’
[6]