So the Fed's still jawboning and talking about talking about tapering and thinks it can foresee conditions 2 years hence with their interest rate musings and hinting that inflation might not be so 'transitory' after all-just like their 'transitory' QE and NIRP which has now had its 14th ? birthday maybe.
A lot can happen in 2 years and they're doing their best not to explode the huge Bubbles they've blown. Wouldn't take much now-one wrong word from Powell or even the rumour of a mini black swanling sighting in the distance would probably be enough to start some initial herd panic and stampede for the exits. The Fed has a record of acting too late and this looks like being another example.
