Fed Prez Stern Flips On Inflation

“Headline inflation is clearly too high,” Federal Reserve Bank of Minneapolis President said and Bloomburg back on July 18th. “We can’t wait until we clearly observe the financial markets at normal, the economy growing robustly, and so on and so forth, before we reverse course. Our actions will affect the economy in the future, not at the moment.”

Sounds like someone was applying some basic economic reason to this bearish economy. But then out of the blue Market Watch reports he is doing a 180? Well, a 45 at least?