Tag Archive: janet yellen

janet yellen federal reserve hot air hype

More hot air from the Fed: Why we don’t hold out much hope

August 16, 2014 6:21 pm Published by Leave your thoughts

Fed Chair Janet Yellen sounded positively upbeat and hopeful as she testified and answered questions last Friday before the Senate Banking Committee. She was encouraged about manufacturing numbers, about unemployment figures and the strengthening of the U.S. economy. She seemed confident that October was still the right time to end Quantitative Easing. She also indicated that interest rates would eventually rise. Here's the question: Should we buy it?