- AIG Board OKs CEO Pay; Benmosche Agrees to Stay
- Obama Reiterates Commitment to Boost US-India Ties
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- Starbucks Eyes China as Next Major Market
- 'Very Blah' Christmas Is Coming for UK Retailers
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- Obama Reiterates Commitment to Boost US-India Ties
- The Social Media Gaming Threat
- NBA D-League On The Rise
- Japan Export Rebound Eases Fear of New Recession
- Stifling Anger at Work Can Kill, Survey Finds
- Australia Wheat Exporters Face Challenges: GrainCorp
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."
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes