I'm trying to listen to Yellen in the Senate right now and watch the market, I just wanted to remind you of the Bernanke debacle of the word "Policy Accommodation", this is not the same as QE, it was used by Bernie and the market ran when they took it to mean QE, then Bernie said as I predicted, "No, keeping rates low is policy accommodation as well, I said nothing of QE".
So be careful with language.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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