Fed Policy: The Beatings Will Continue..

I’ve been fairly clear about my opinion that the Fed is just about out of bullets here.  Aside from extreme policy options, most of which will ruffle political feathers, the Fed’s options just aren’t that robust at this point given the uniqueness of the environment.  Goldman Sachs, however, has a different perspective.  This note, courtesy of FT Alphaville, describes why Goldman believes the Fed should continue to ease: