Drama Kings: SF Fed’s William Hawkish On December Rate Increase (Prob Rises Above 50%)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.
I remember Alan Meltzer’s speech at the National Association of Realtors calling for Fed transparency and adhere to a monetary rule (like a Taylor Rule) to give everyone an idea of what is happening with regard to monetary policy.
Instead, we have Fed Board members (and former board member) slinging their opinions which adds to confusion … and volatility. Particularly strange since the Fed Funds Target rate has been increased just once since June 2006 (that is, one rate increase in TEN YEARS).

This post was published at Wall Street Examiner on August 19, 2016.