“…a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year.”
That’s a big fancy way of saying housing could plummet, or do nothing at all, and the economy and it’s potential or dismal. In other words he says absolutely nothing.
The FED has become a group of disconnected politicians like Congress, except that they have no opposing party, so regardless of the outcome of their decisions, they blow sunshine and slap each other on the asses.
“He says the Fed got it right after that boom by cutting its benchmark rate deeply in 2001..”
