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Ms Yellen, It is Time to Muzzle Your Troops

Ms Yellen, It is Time to Muzzle Your Troops

5 Years ago | August 25, 2015 00:00:00

I was having a discussion yesterday about being time to muzzle Fed officials who seem to enjoy the limelight by stating their views on monetary policy with no regard to the impact on markets. This was the case late Monday when Atlanta Fed President Lockhart spoke just before the equity market was about to close and knocked share prices down. On August 21, when equity markets were under severe pressure, St. Louis Fed President Bullard made unscheduled comments on Sirius XM of all places that seemed to throw fuel on the fire. The point is not what he said but that he spoke at all

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