NOT OUT OF THE WOODS YET

Fed President Robert Kaplan lays out the Fed's timetable for withdrawing stimulus

I have to admit, I find it amusing how many macro “gurus” believe the Fed has all these nefarious plans to manipulate the market. It’s like these conspiracy cranks have never heard of Hanlon’s Razor.

That cheap shot is probably not fair. Although many in the financial world assign malicious motivations to the Federal Reserve, the truth of the matter is…