“They pulled the trigger after seeing the reaction. Of course they have numerous options lined up, and do all the time.”
JasonC, you are a smart guy, c’mon. When you step in it on one minor point, just admit it and move on. You’ll look better for it. Ben didn’t make panic calls all over the world last night and “pull the trigger” because the market averages went down 2%. He launched a planned one-two punch. He knew the initial reaction would be negative, and he did things in just the right order. Now we’ll see if it works.
As for the Fed chairman, he has yet to impress me on any point. Before or after talking his present position. I consider the entire crowd running this stuff today to be way over their heads, and riding a hurricane.