fata morgana

In it he wrote: “I saw the iceberg, looming high/ and cold, like a cold fata morgana,/ it drifted slowly, irrevocably,/ white, nearer to me.”

Conducting monetary policy with an eye on the neutral rate is "like driving a car through the desert aiming for an oasis on the horizon, that you know is nothing more than a Fata Morgana," he told clients in a recent note.

The Fata Morgana is a special type of superior mirage, a term assigned to mirages that are manifest in objects appearing taller or higher than they actually are.

The Fata Morgana made headlines two weeks ago, when a floating ship was photographed offshore of Cornwall, England.

Instead, his image captures a rare phenomenon known as the “Fata Morgana,” a sight coveted by mariners and meteorologists alike for its curious, devilish bending of light.