Meanwhile oil has another shock with Crude oil down over 5% today

Oil trades at $37.50 down 5.25% today.

Other comments:

  • sees risk to the economy has balanced
  • urges fed to avoid raising rates in mechanical fashion
  • fed liftoff would be good news for the US economy
  • fed should not take any FOMC meeting off the table
  • sees risks to the US economy is balanced
  • urges fed to avoid committing to predictable fed tightening cycle I