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Friday, March 29, 2024

Comment by zeroxzero

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  1. zeroxzero

    FT took a very hawkish view of Yellen's testimony today.  I thought she was just blowing smoke, frankly, and wouldn't dare send a bearish signal to equity markets, since housing and employment are not exactly motoring upwards.  I wonder if they're right.

    ~~Federal Reserve Chair Janet Yellen takes her seat to testify at a Senate Banking, Housing and Urban Affairs Committee hearing on "Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington, February 24, 2015. World shares held near record highs on Tuesday after Greece produced a list of proposed economic reforms, and the dollar rose on expectations Federal Reserve chair Janet Yellen would signal the Fed was still moving towards raising interest rates.

    FT front page 9:22PM GMT

    ©Reuters 
    9:22pm GLOBAL ECONOMY — Fed paves way to raise rates this year
    Yellen optimistic on economy and sees risks in waiting too long
    • Video Dovish Yellen may need to swoop



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