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>> BEN BERNANKE Latest News

JUN 12, 2013 - Zero Hedge

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Dear Primary Dealer: Please Tell The Fed What To Do

It may come as news to some, but the Fed really has no idea what it is doing (no, really - just read "Fed Confused Reality Doesn't Conform To Its Economic Models, Shocked Its Models Predict "Explosive Inflation" if you don't believe us ). After all, there is a reason for the saying "we are in uncharted waters." Which is why, to help it in its monetary decision-making, every few months, the Fed issues a survey to the 21 Primary Dealers (used to be 22 but MF Global showed that often the PDs also have no idea what they are doing) asking for their feedback on when it should tighten, how big it's ... Read More

Tags: Dear Primary Dealer: Please Tell The Fed What To Do,  Ben Bernanke Latest News