I'm still listening to Yellen and watching the market's reaction.
Of everything she has said from rate hikes, guidance, valuations, macro economics, oil prices etc. I think the most surprising and interesting answers is her continuing answer to the question about how she feels about the "Audit the F_E_D" possible legislation.
I don't think Yellen was the best person to give an answer to this question.
Did anyone else hear a very palpable sounding panic in her voice? I'm not kidding, the panic just jumped through the screen. Why would this transparent Bank be so terrified of being audited like any other organization including government?
I'll have a market update out in a few minutes, there's just too much here to break-away.
Is interest rates about to start going up?
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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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