The Fed is "better informed than anybody else," RBS strategist William O'Donnell advises; its...

|By:, SA News Editor

The Fed is "better informed than anybody else," RBS strategist William O'Donnell advises; its "vast and highly accomplished staff in Washington exceeds anything else the Street can bring... go with the strength, go with the staff and go with the Fed." Is this is the same Fed that urged adoption of ARMs on the eve of short rates going from 1% to 5%, failed to see the housing bubble and said "subprime was contained"?