I am curious as to what more evidence is required for the non-insider economics community to "mark their beliefs to market" and accept that the Fed has an unwritten and seldom spoken third mandate:
3) Never under any circumstances take any action would would be positive for a Democratic President or Presidential candidate approaching re-election/election.
And with it a corollary:
3i) Do whatever can be done to assist Republican Presidential candidates without being too obvious about it.
I am curious as to what more evidence is required for the non-insider economics community to "mark their beliefs to market" and accept that the Fed has an unwritten and seldom spoken third mandate:
3) Never under any circumstances take any action would would be positive for a Democratic President or Presidential candidate approaching re-election/election.
And with it a corollary:
3i) Do whatever can be done to assist Republican Presidential candidates without being too obvious about it.