Wall Street wants a formula and the Fed is pushing back hard: Paul McCulley
Paul McCulley, former chief economist at Pimco and currently a senior fellow at Cornell University, joins 'Power Lunch' to discuss the Fed's communication approach to speaking with Congress and how markets should interpret the Fed's responses. I think the Fed's been very clear in its communications, says McCulley. The Fed is unambiguously all in and needs some help from Congress. Do your jobs, McCulley exhorts members of the House and Senate.