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(Untitled) Oct 31st 2013, 21:00, by noreply@blogger.com (Cliff Küle) Federal Reserve Needs To Stop Taper Ping Pong "The Federal Reserve needs to stop playing taper ping pong. In June, the Federal Reserve's statement after its meeting scared markets by suggesting that tapering/tightening might begin as soon as September. In September, the Federal Reserve acknowledged that the June tapering scare had tightened financial conditions and so hinted that they might not taper until winter 2014. At its October 30 meeting, the Federal Reserve removed from its statement an expression of concern about tighter financial conditions while leaving the rest of its statement largely unchanged from September .. The Federal Reserve is over-messaging markets and elevating, rather than reducing, market volatility with its unsuccessful efforts to communicate better while continuing to engage in wishful thinking about chances for the economy to improve. Sadly, the economy is now deteriorating thanks, in part, to the elevated policy uncertainty resulting from two things: persistent confusion over Federal Reserve policy and ongoing fiscal battles in Congress .. Taper ping pong is increasing the chance that the economy will stagnate, as underlying monetary and fiscal drag pulls the growth rate below a 1% pace." - American Enterprise Institute (AEI) essay LINK HERE to the essay

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