More comments from the Fed’s Harker
– Don’t expect prolonged divergence with other central banks
– No decisions made on ‘new normal’ in balance sheet
– No decision taken on when to shrink balance sheet
Call me cynical but in at least 8 of the past 10 years, market watchers have gotten excited about growth around February only to see the same-old, same-old. The narrative is always a bit different but the result always the same.
