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Fed head tries to talk up the stock market by talking up the economy


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2014 Oct 17, 5:09am   863 views  2 comments

by darlag   ➕follow (1)   💰tip   ignore  

“If you can’t dazzle them brilliance, baffle them with bulls**t”. That appears to be the plan out of the Federal Reserve as the Fed Chair, Janet Yellen, expresses overt confidence in the economic strength of the US — the message leaked from behind a closed door meeting that took place over the weekend in Washington.

http://www.globaldeflationnews.com/fed-head-tries-to-talk-up-the-stock-market-by-talking-up-the-economy/

#investing

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1   Bubbabeefcake   2014 Oct 17, 10:37am  

darlag says

Fed head tries to talk up the stock market by talking up the economy

Correct, that is called jawboning. The Fed has officials speak to the media randomly and say they got your back and keep buying stocks.

Their power is their mystery and any further QE will remove them as merchants but as slaves to the political machine

In other words, the stock market is ran purely off of Fed propaganda and not business sense.

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