#FED

Bernanke not worried about flattening yield curve, says this week that "economy is quite strong." I recall he was just as reassuring to investors in 2007 when he said that the subprime crisis was just a "$50B problem," no big fallout was expected!! #Fed

Of course! Only during #DisOrganizerInChiefObama reign the rates were manipulated by #PoliticallyCorrect #FED !

Loved @GuyAdami speech on the #Fed very #Presidential

Apparently, when the #Fed targets 2% inflation its sites are only set on the core CPI. So it makes no difference to the Fed how high food and energy prices rise, so long as those increases do not bleed into the core!

It's amazing that as YOY CPI gains are about to rise above 3%, Powell claims that the Fed's primary concern is that #inflation is still too low. Perhaps when it comes to inflation the #Fed has different concerns than consumers. The Fed wants more, while consumers want less.

I think the #Fed no longer has an inflation target, but an inflation objective. Its goal is to create inflation no matter how high it drives consumer prices. So the Fed will first herald, then ignore, rationalize, and finally scapegoat ever-greater increases in the CPI.

Fed Chairman Jerome Powell just testifed that the #Fed was close to reaching its 2% #Inflation objective. Last I checked YOY CPI rose 2.9%, and YOY PPI rose 3.4%. Perhaps 3% is the new 2%? Since YOY CPi will likely hit 4% long before it hits 2% again, maybe 4% is the new 2%?

#Fed Chair Powell adds 2 words to the policy outlook: for now. Gradual rate hikes will continue but the door is open to changing the pace.

#FED POWELL: BEST WAY `FOR NOW' IS TO KEEP GRADUALLY RAISING RATES - BBG *POWELL: HARD TO PREDICT OUTCOME OF CURRENT TRADE DISCUSSIONS