Janet Yellen speaking again
At the Stanford Institute for Economic Policy Research (live link here: The Economic Outlook and Conduct of Monetary Policy)
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Yellen spoke Tuesday (US time) ... The key takeaway was Yellen said the economy was close to Federal Reserve goals & so it makes sense to gradually raise interest rates.
Headlines:
- Yellen Q&A from SF speech
- US dollar moves higher after Yellen comments
- Fed's Yellen: Next rate hike depends on economy 'over the coming months'
Recaps here from the major wires:
- Reuters:Fed's Yellen says 'makes sense' to gradually raise interest rates
- Bloomberg:Yellen Says Economy Near Goals Warrants Gradual Rate Hikes
And the Wall Street Journal (may be gated):
- Gold Prices Decline Following Yellen Comments
- Yellen Says Nonpartisan Fed Will Focus on the Economy
- Hawkish Yellen Lifts U.S. Dollar
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I don't imagine she will have altered her view on the economy nor policy in the meantime, so expect more of the same.
I saw someone in the comments saying 2017 was not going to be the year of the central banker, but rather the year of the politician (moving markets). Got that right I reckon!