St Louis Fed's Bullard: Another Easy Money Whore
Oh look, Atlanta Fed's Lockhart isn't alone on this one. I'm shocked. Not.
A senior Federal Reserve official said on Thursday said the central bank's ultra-low rates and purchases of hundreds of billions of mortgage-related debt are appropriate for the current weak economy.
"You've got a super-easy monetary policy right in place now," St. Louis Federal Reserve Bank President James Bullard said in response to questions after a speech.
"I think that's appropriate as the economic recovery is taking hold ... but we're in the early stages yet," said Bullard.
How shall we translate that?
Light up, you little easy money crackheads, the Dirty Fed is happy to keep fueling your cheap cash addiction even if it means slaughtering the dollar in the process.
They're good at that anyway. Price stability pfffft.