Does anyone else have trouble buying the proffered explanation for why Bill Poole missed the FOMC vote yesterday? While I like the idea that Bill Poole, President of the Federal Reserve Bank of St. Louis, is really just an economic man of mystery, sneaking around and sending fake Bills to meetings so that today’s Fed rate decision could remain secret, it just doesn’t work for me.
This is, after all, the same guy who told an interviewer two days ago that there would have to be a “calamity” to cut rates.
Plausible deniability? I wonder.