Former Fed Governor Admits Market Controlling the Fed Is a ‘Very Dangerous Development’

Former Fed Governor Admits Market Controlling The Fed Is A "Very Dangerous Development" (ZeroHedge)

The constant changes to Fed policy targets and enslavement to the ticker must change, according to former Fed Governor Kevin Warsh. 

"The markets think they have Yellen's number," that she will never allow markets to go down, Warsh warns "that is a very dangerous development."

We must stop QE, Warsh chides, as the inflation goals are close enough to a comfort zone and arguing for QE because of lowflation is poor thinking "because our gauges are not even that good."

Dollar strength is The Fed's doing, he adds, since they have been telling everyone to do what we have been doing... and adds "The Fed talking about the dollar tells me they are more concerned about the dollar's impact on earnings."