FAST FIVE: The Fed "Just Let The Cat Out Of The Bag", Admits Being Forced To Fuel Asset Bubble
Jerome Powell, was probably initially not enamored about it but saw no way around it.
Otherwise, they would have had to admit to knowing little about financial markets.
In some ways it was refreshing that Dallas Fed President Robert Kaplan openly talked about it in an interview Wednesday.
Their ability to drive investor behavior is so well established that what is going on in the markets can't remotely be seen as an unintended, or even unwanted, consequence.
Most worryingly, I keep hearing from people who are sure that it's obvious where we go from here.