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Fed Chair Yellen Roils The Markets Again

Fed Chair Yellen Roils The Markets Again

4 Years ago | April 03, 2016 00:00:00

John M. Bland, MBA, CTA


Policy Normalization on Hold

The major event in the week just finished was a speech given Tuesday by Fed Chair Yellen to the NY Economic Club. There was a lot of uncertainty about what she might say after several FOMC members in the previous week had taken a hawkish posture following an unexpectedly dovish policy statement after the latest FOMC policy board meeting. Some had even implied that the markets had misinterpreted her policy statement. Om Tuesday, Chair Yellen surprised observers by

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