I think it was inevitable that the fed would just go ahead and say the economy is better whether it was or not when they need to tamper due to the increasing size of the balance sheet. I think they really don’t want to get the balance sheet to big because at some point they lose credibility if it gets too high. Therefore they will say they see the economy as better, continue with tampering, regardless of whether the economy is ready for it or not. The stock market has already proved it’s never going to be ready for tampering, so either they QE forever and eventually lose control of the currency or they tell the insiders and bring about a stock market crash.
The fed is only good at one thing and that is creating bubbles. The bubble this time is in stocks. When it pops is anybody’s guess.
