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MAY 04, 2013 - Zero Hedge

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The Infallible Fed At The Verge Of (Not) Admitting Failure

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter “Labor market conditions are affected by a wide variety of factors outside a central bank’s control,” admitted Richmond Fed President Jeffrey Lacker a few hours after the employment report bounced around the world. Yet for years, the Fed has proclaimed that the heroic motivation for its selfless money-printing mania (QE) and bold zero-interest-rate policies (ZIRP) was the deep desire to improve the unemployment fiasco for average Americans. So the employment report was mixed in ... Read More

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