HONOLULU (HawaiiNewsNow) - In the minutes of the meeting it had last month, the Fed governors said this: “Almost all participants thought it would be desirable to stop reducing the Federal Reserve’s asset holdings later this year.” What does that mean? Wait, there’s more.
"Such an announcement would provide more certainty about the process for completing the normalization of the size of the Fed's balance sheet." So: what's that mean?
It means, “We keep saying we act based on data, but what we really do these days is whatever we think will keep the stock market happy.” Because otherwise they would be trying harder to unload all the debt is took on stimulating the economy after Wall Street messed things up in 2008.