There’s been lots of discussion about monetary policy since last Thursday’s no-decision by the Fed on interest rates and Mike Baele, senior portfolio manager at US Bank Private Client Reserve, wonders what the central bank is thinking with its new focus on the global economy and foreign stock markets, all of which seems to have confused investors.
See also Bill Gross’ latest commentary in which he urges the Fed to move:
Near term pain? Yes. Long term gain? Almost certainly. Get off zero now!