​”Maybe They’re Not Data-Dependent…” – Former Governor Questions Fed’s ‘Independence’ – Tyler Durden

“Maybe They’re Not Data-Dependent…” – Former Governor Questions Fed’s ‘Independence’ Kevin Warsh, Hoover Institution distinguished visiting fellow and former Federal Reserve Governor, said the quiet part out loud this morning during an interview with CNBC’s ‘Squawk Box’ when he dared to offer a logical rebuttal of the over-arching narrative that a) The Fed is apolitical/independent, b) The Fed is data dependent, and c) The Fed knows what it is doing… Warsh began by explaining why he thinks The Fed’s decision to cut 50bps goes against what The Fed had been saying regarding their policy. “They’ve had different theories about the…  — Continue at ZeroHedge News : Read More