Fantastic response.

Fantastic response. For those that argue the Fed should just set rates according to the 2-year yield, this is effectively it. I find it refreshing and humble. The Fed should not see themselves as the centre of the universe. How many of you have forgotten the Fed never used to have a presser after the meeting, let alone only a few for important dates, while we have one every meeting now? These guys crave the grain of the pulpit more than they care for words of their speeches. He may or not d — via @effmkthype

For those that argue the Fed should just set rates according to the 2-year yield, this is effectively it.