Well that certainly was a breath of fresh air.
In case you don’t spend your time pouring over “Fed Statements” or inturpurting these types of things ( lucky you )…let me simplify.
The Fed’s general angle was hawkish….ie……the suggestion that a time to “reduce the balance sheet” is now upon us suggesting that a current holder of 4 TRILLION DOLLARS WORTH OF U:S ASSETS ( The U.S Fed – a privately held bank currently paying out 6% dividends to it’s shareholders ) will soon become a “net seller” as opposed to the last 6 years functioning as a “net buyer” of U.S garbage.
You didn’t get that? CNBC didn’t take a little silver spoon and put it up to your mouth?
Ignore the short term reaction…..ignore Jackson Hole and the “next line of commentary”….
I’ve heard all I need to hear.
Bravo Janet! Bravo!