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More Evidence That the Fed and ECB are Unmoored "Credit News 24"

Increasingly, the data shows continued weak economic growth in the Eurozone and in the United States.  US job growth slipped to 155,000 for August, while earlier months were revised downward.  The Eurozone, celebrating recent growth blips, is now facing its usual reality of no growth and very, very high unemployment.

Meanwhile, there is no hint of inflation pressures in either the Eurozone or the United States.  The data shows that inflation is actually declining in both economic zones.

So, why are the Fed and ECB considering "tightening" measures to reduce economic activity and slow inflation -- what activity and inflation are they concerned about?

The absurdity of Fed and ECB policies is apparent in the total lack of justification of their current policy initiatives.  What, in the data, suggests that now is an appropriate time for "Fed tightening?"

The answer is obvious -- nothing.  Fed and ECB actions are purely political and reflect a bureaucracy that no longer has any rationale for its existence.
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