Fed minutes: officials saw recession’s end in Aug
“With the downside risks to the economic outlook now considerably reduced, but the economic recovery likely to be damped” Fed policymakers agreed that it didn’t need to either expand or cut back those programs.
They didn’t see it coming, they didn’t recognize it for the first six months, but now they’re able to spot the moment that it ends… and yet the contracyclical Keynesian measures still remain in place. Perhaps you believe that THIS TIME they’ve got it right. I’m a little more skeptical.