By Tom Bradley

I suggested in a post last October that Central Bankers have an ego problem – they think they have more control over economic events than they really do. This problem, unfortunately, is hard to avoid because economists and investors, and soon Saturday Night Live I’m sure, put these people up on a pedestal and watch their every word.

The current media frenzy around when the U.S. Federal Reserve is going to start raising interest rates is taking Fed follies to a whole new level. This clip from Bloomberg earlier in the week captures how ridiculous it has become.

It’s good entertainment for sure, but don’t let the Fed watch derail what you’re trying to do in your portfolio. Dare I say, when we do reviews with clients in 3 years, this issue won’t even show up on the chart.