Michael Pento tells King World News:
The Fed also eliminated the 6.5% unemployment threshold, where they said they would raise interest rates. So there is no longer any numerical threshold, and the reason for this, Eric, is the Fed cannot raise interest rates.
The condition of the U.S. economy and indeed the whole world is so anemic that even after 5+ years of massive Federal Reserve manipulation of money supply and interest rates, that the Fed cannot raise short-term interest rates. In other words, they will keep making excuses and moving the goal posts as to why they can never raise interest rates.
So the Fed is in the process of trying to end QE, but what the stock market doesn’t know is ...