Thank goodness there are a few skeptics on the FOMC to try and keep the Kool-aid drinkers honest. KC Fed chief Hoenig is one of them, warning that keeping rates too low too long could sow the seeds of another crisis down the road.
Markets continue to while away the afternoon with the dollar well supported across the board. Upbeat jobless claims and stronger than expected US holiday sales are a dollar positive while there have been a number of factors to take the steam out of the risk trade today.
