Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her – Ep. 37

The Peter Schiff ShowYellen 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?