Trying to figure out the what the Federal Reserve is thinking

bhunt2 2Market commentator Ben Hunt writes in the following articles ‘Tell my horse’ and ‘Post-Fed follow up’ that the United States Federal Reserve Bank is looking for excuses to tighten monetary policy, (restrict money supply, or increase interest rates with the objective of reducing spending and inflation) not excuses to weaken monetary policy. In his view, the Federal Reserve Bank’s central concern is maintaining a low unemployment rate; every other data point, including a market sell-off or a flat yield curve or a bad CPI number is secondary.