This is getting embarrassing for the Fed

  • December liftoff was because economy doing a lot better
  • We have achieved our goal of maximum employment

The Atlanta Fed is about to publish a tracking estimate for Q4 growth that will be around a 0.5% annualized pace.

Part of me wants to the economy crater just to see all credibility of central bankers evaporate.

More comments:

  • December liftoff decision was 'right one'
  • Fed can adjust path of rates up and down as needed
  • The economy still needs help from relatively low rates
  • Whether Fed increases rates 3 or 4 or 5 times in 2016 will depend on economic outlook

As a retrospective, here were the top-5 premature European crisis victory laps