Market strategist Richard Suttmeier talks about what he would do if given the chance to be Fed Chairman.
“What I would do as Fed Chief. The jobless rate rose in 43 states in December. What to do with Fannie and Freddie. Three large regional banks have growing loan problems.
What I would do as Fed Chief - As an outsider with no ties to Congress, political party or to any member of the FOMC Board of Governors, my first step is to admit the Fed mistakes and raise the federal funds rate to 3%. I want to support the dollar, flatten the yield curve and pre-emptively cut the risk of inflation…”
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES:
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