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Saturday, October 01, 2016

"There's A Real Problem Here" - Did Fed's Plosser Just Admit Trump Is Right About Yellen?

Former Philly Fed President Charles Plosser got a lot off his chest this morning during a Bloomberg TV interview. Decrying thatcentral bankers "wring their hands all the time," Plosser noted that The Fed was very "concerned about credibility," and was "pretty good at conjuring up reasons not to act."

His mutinous discussion then concluded, sounding very Trumpian, by noting that The Fed "shouldn't be afraid a recession might come," exclaiming "there's a real problem here" with The Fed.

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