Preston Martin (December 5, 1923 – May 30, 2007) was an American economist and banker who served as the 12th vice chairman of the Federal Reserve from 1982 to 1986.[1] (wikipedia)
I think that this is an excellent sign to financial markets everywhere that the Fed will do whatever it takes to sustain this inflationary economic growth.
It is certainly possible that the Fed could cut rates further, and it is very probable that the Fed will continue to pump liquidity into the markets,
It's Christmas in May for traders. This was the wrong decision, and we're all going to pay the price for it.
He is warning the markets that the Federal Open Market Committee will very likely continue to raise short-term interest rates, given the continued growth in the economy.
