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FOMC Members "Badly Out of Touch," says Keith Fitz-Gerald

In the wake of the Federal Reserve meeting last week, FOMC members have many public appearances planned in which they're expected to clarify the central bank's recent policy decisions.

Count Money Morning Chief Investment Strategist Keith Fitz-Gerald as one investing expert who will not be hanging on every speech.

"These guys are so badly out of touch with how the rest of us live that their statements have become dangerously irrelevant," Fitz-Gerald said in an appearance Monday (today) on FOX Business' "Varney & Co."

In the accompanying video, Fitz-Gerald explains what the FOMC members misunderstand about today's markets, and what that means for investors.

Watch below as host Stuart Varney also asks Fitz-Gerald about what a government shutdown would do to the markets and what the re-election of German Chancellor Angela Merkel means for the Eurozone.


Almost every market expert except Keith Fitz-Gerald was surprised by the FOMC members' decision not to taper its bond-buying program last week. In fact, Fitz-Gerald first predicted months ago that the Fed would not taper

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