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Janet Yellen “the Hawk” And The Fed Deliver

Janet Yellen “the Hawk” And The Fed Deliver

3 Years ago | September 24, 2017 00:00:00

John M. Bland, MBA


Janet Yellen, the unlikely hawk On Wednesday the Fed took a more hawkish policy stance than the markets were expecting. As expected, the Fed Funds target range was held steady at 1.00-1.25%. However, the central bank hinted at a tightening bias for the December 13 meeting. Also, as expected, the Fed announced that it would start to unwind its massive investment portfolio in October.

The vote was a unanimous 9-0 and the policy statement indicated that risks to the economy remain toughly balanced . The surprise was that a December interest

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