Is This Fed President An Idiot? Read These Two Headlines And Decide

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

As if The Federal Reserve’s credibility was not already circling the drain faster than Kanye West’s, San Francisco Federal Reserve President John Williams just dropped the ultimate tape-bomb of ignorance and flip-flopping.
In January, as the market begain to accelerate to the downside, a confident Fed explains why it is “not too concerned” about China’s collapse: “We’ve built in a weakening path for China. I don’t see that as a significant risk to the forecast” for the U. S. economy, China doesn’t affect the US market that much at all.“

This post was published at Zero Hedge on 03/28/2016.