Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her – Ep. 37
- FOMC wrapped up meeting with Yellen press conference
- Most people expected “considerable time” to be dropped
- Bloomberg believes “considerable” dropped in favor of “patience”
- The Fed didn’t change anything
- The Fed didn’t actually say anything
- Markets up on Yellen’s optimistic non-news
- Why wait to raise interest rates?
- The longer the Fed waits to raise rates, the more painful it will be for the economy
- What is the Fed’s strategy if economy slows down?