On the Possibility of "Faster Potential Growth"

FOMC minutes and heavily labored guidance have convinced the markets that the June FOMC meeting is live and that a rate hike will either come then or in July.

Expected fiscal stimulus by the next presidential administration gives the Fed the opportunity to tighten.

The bullish tightening scenario has been articulated and analyzed in order to mitigate the "taper tantrum" risk.

John Williams and Stanley Fischer continue to nudge their colleagues beyond the anachronism of Bernanke's economic conditions for the current tightening.

Acceptance of "faster potential growth" is the key principle underlying the Fed's bullish tightening strategy.