Posts Tagged ‘harmonic convergence’

Notes From Underground: Yellen Announces Possible Decrease In Liquidity; Suffers Bout of Dehydration

September 27, 2015

In Chair Yellen’s speech on Thursday–“Inflation Dynamics and Monetary Policy”–she walked backed comments from last week’s UBER-dovish press conference. My first impression, given the wonkish nature of the speech, was that she plagiarized Stanley Fischer’s speech at Jackson Hole, or merely bought it at an online economic website. Second, the Yellen speech did hint at a possible answer to the aggressiveness of Jim Bullard’s desire for the Fed to raise rates as soon as possible. After rereading the speech, it seems that Yellen was NOW willing to raise rates and be part of the FOMC members pushing for a rate rise before the end of 2015. Why?

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