With the Federal Reserve, and Chairman Ben Bernanke, under intense media scrutiny, amid unprecedented and unorthodox monetary stimulus and a coming presidential election, it may seem weird that two Fed Presidents came out with contradictory messages within 24 hours of each other. Earlier this week, Boston Fed Chief Eric Rosengren called for “aggressive, open-ended bond buying” while Dallas Fed President Richard Fisher said “we have done enough,” while asking the Fed to step aside and let markets do their work.
|