Yeah …”Janet Yellen the Hawk” … that’s what it says.
A post from one of my favourite bloggers, Tim Duy.Duy is
Duy says that the FOMC being soft on the inflation forecast is not the same as soft on inflation. Don’t underestimate the Fed’s commitment to the 2% target. That commitment is what pushes the risk to the hawkish side of the policy equation in the current environment.
(Bolding mine)
Its an interesting argument, counter to what is being said about the FOMC meeting from Wednesday. The post is worth a read.
