Fed’s Rosengren: Fiscal conflict warranted forgoing QE taper

Rosengren is as dovish as they get:

• He ‘strongly’ backed no QE taper in recent FOMC meeting
• Slow growth in jobs and GDP suggest economy in a ‘holding pattern’
• Policy not sent ‘by Wall Street’s expectations’

That Wall Street comment is sooooo cheap. Wall Street’s expectations are set by what the Fed says. If the Rosengren didn’t like ‘Wall Street’s expectations’ all he had to do was call a newspaper a week before the FOMC and tell them what the odds were.