- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Black Friday Sales Rise by 0.5%: ShopperTrak
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
Text Size 
The Federal Reserve ought to signal that it's ready to back off the strong monetary easing policies it put into place during the financial crisis, Kevin Ferry of Cronus Futures Management told CNBC.
 |
Ferry said he would like to see the Fed move away from the so-called "zerp"—zero interest-rate policy—but doubts that will happen until "well into the middle of next year."
The extremely accommodative Fed policies are making the market antsy, he added.
"At least come off the pedal enough to let the market weigh in on it," he said. "They've done a lot of great things, a lot of things we thought they should do, and I think that they should be commended for them. But it's time to move on now and I think that's where the volatility comes from."
Investors should get a much clearer position about the Federal Reserve's position on interest rates following this week's meeting, he added.
As opposed to recent meetings when the central bank has been cagey about its exit strategy from its monetary easing policies, this meeting could be be different.
"There is no doubt that they are going to embark on a very strong and unified communication program, but there is going to be debate about how they should do that," Ferry said.
"There will be a unified approach more vocally through the president and whatnot to say this is what the exit strategy will look like. I think they're going to really step up the talk," he added. "There's going to be a difference between policy, which is accommodative, and the level of rates, which is emergency."
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes