From remarks by the Dick Fisher of the Dallas Fed:
- The Fed has artificially sustained markets
Thank you for the admission, oh FOMC member. And to think just 4 years ago anyone accusing the Fed of using its “invisible hand” and doing everything in its power to solely focus on the stock market was labeled a “conspiracy theory” crackpot. One wonders what other “conspiracy theories” will be admitted by the Fed as fact in another four short years?