When all you have to go on is academic models, it's a mystery when reality doesn't fit
More from the Q&A
- Inflation data can be noisy month to month
- Expects inflation to move up somewhat in coming months
- Labor market is getting tighter
- FOMC not currently considering changing inflation goal
- Would not be a tragedy to see inflation overshoot
- Term premiums narrow in part because of spillovers of international monetary policy
- Yellen says to get a neutral stance, the Fed would need a bit more tightening but not an excessive amount
The dollar rallied on the early headlines but has given it back. Trying to read anything into her comments is splitting hairs; there isn't much new here.
