Is The Federal Reserve Wearing Blinders?
The counterpoint to this author’s critique of the Fed being too predictable with its decision to purchase bonds is this – is business not always complaining about the unpredictability of government and its fiscal policy? The Fed made a generally reasonable decision that most saw coming. This seems like exactly what the financially savvy desire. Congress should start making reasonable predictable decisions instead of being unreasonable but predictable in being useless.