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Yellen’s Self-Serving Assessment: Fed is “Doing Pretty Well”
mishtalk.com / Mike “Mish” Shedlock / April 11, 2017
Now that the bubbles have been blown (but still remain invisible to the Fed), Fed Chair Janet Yellen Yellen conveniently pats herself and the Fed on the back for a job piss-poorly done.
Her self-serving assessment is the Fed is “doing pretty well”. And her new message of the day is Era of Stimulative Monetary Policy Is Ending.
Federal Reserve Chairwoman Janet Yellen indicated Monday that the era of extremely stimulative monetary policy was coming to an end.
In a public discussion at the University of Michigan, Ms. Yellen said the Fed was moving away from its efforts to revive a recession-scarred economy and focusing instead on maintaining the gains of the past few years. That will change the central bank’s policy-making stance, she said, noting that Fed officials plan to continue gradually raising interest rates unless the economy begins to deteriorate.
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