Isn't it amazing what 2000 Dow points will do to a Federal Reserve member's perspective of 'the economy' and 'inflation expectations'. Bullard is back again today:
- *BULLARD: INFLATION EXPECTATIONS REBOUNDED SINCE MID-OCTOBER
- *BULLARD: FED TO RAISE RATES IN 2015, TIMING DETERMINED BY DATA
So basically calling off QE4 until the next 9.9% correction... Dow-Data-Dependent indeed
And of course, by 'inflation expectations' Bullard means the Dow Jones Industrial Average.
[6]
... Because it appears inflation expectations didn't "rise" too much.
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Meanwhile, here are St Louis Fed "research" officials hard at work in "maintaining the narrative":
@zerohedge [8] Ha ha, you are such a dickhead ... it's wonderful!
— David Andolfatto (@dandolfa) November 14, 2014 [9]
