Spooked By Its Own Ticking Time Bombs—-Is The Fed Embracing “Duck And Cover” ?

After years of using its scorched-earth monetary policies to engineer the greatest wealth transfer of all times, the Fed seems to be fretting about getting blamed for yet another implosion of the very asset bubbles these policies have purposefully created. And it is harnessing various resources, from Yellen on down to some economists at the remote San Francisco Fed, to spook markets into backing off gradually, rather than all at once. But for now, these markets can’t be spooked – not by the Fed, and not by anything else.
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