Yahoo-Finance-Reuters/Lisa Pauline Mattackal/7-29-2022
“‘The kind of guidance we’ve seen in the past … creates an expectation that’s unrealistic,’ Dennis Lockhart, former president of the Atlanta Federal Reserve, told the Reuters Global Markets Forum (GMF) on Thursday. ‘I think it’s better to embrace the uncertainty and understand that (the Fed) is navigating and figuring it out as they go along,’ he said.”
USAGOLD note: Dear Wall Street, you are on your own now. We don’t know where we are going and neither do you. Signed – The Fed.
