More Disjointed Opinion in Fed Ranks
Gee, it's almost as if they're looking at two completely different sets of data or something!
Two Federal Reserve policy makers differed on the strength of the U.S. consumer in Nikkei newspaper interviews, amid evidence that the recovery in the world’s largest economy is slowing.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said consumer spending is “moderately strong” and along with business investment will help sustain the recovery, the Japanese newspaper quoted him as saying. Richard Fisher, president of the Dallas Fed, cited “cautious” households as a reason for a growth to cool in the second half.
There's only one way to solve this: luchador fights in spandex pants.