Fra Zerohedge:
It’s deja vu all over again. Having saved the world (stocks) in October 2014, The Fed’s Jim Bullard – clearly worried by the 2% drop in stocks – has stepped back in today…
Hinting at the never-ending market put, Bullard noted in a Q&A session after his speech that…
- *BULLARD: FED SHOULD RETAIN OPTION TO DO QE IN FUTURE IF NEEDED
And that was all the machines needed…
Efficient markets much?
Of course, the only problem Bullard has is that The Fed needs to “shrink” its balance sheet before it can re-QE. So this is simply front-running the carnage that a lumpy Fed balance sheet unwind (due to maturing debt) is likely to cause by pacifying worried investors that “we got this” if everything turns to shit.
