What Lacker actually said:
- Fed policy actions cannot necessarily counteract the effects of fiscal policy uncertainty
- Recent recovery has shown ‘significant limits’ on power of monetary policy to affect real economy
What he really meant:
The Fed has done everything theoretically possible to give you clowns a functioning economy to work with and you repeatedly piss it away. We’ve risked everything to do it and we’re tired of it. If you want economic growth, do something about it.
*The translator may have added some of his own thoughts in there as well*
