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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.
ALERT: Fed Signal Proves Coming Collapse In Motion
Read more at http://investmentwatchblog.com/alert-fed-signal-proves-coming-collapse-in-motion/#rXAcJMkFiWdlzsTu.99
“If you can’t dazzle them brilliance, baffle them with bulls**tâ€. 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