Take Another Look At Yellin’s Comments About Interest Rates

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Take Another Look At Yellin’s Comments About Interest Rates

Ben Bernanke’s speeches caused the market to plummet several times. Now Janet Yellin’s first press conference did the same thing. I guess every Federal Reserve chairman learns that the market (and the world) magnifies everything they say by a hundredfold. This time, someone asked our new chair when she thought interest rates would go up. She casually replied that the Fed would probably raise interest rates in six months. It seemed like the entire planet panicked: the market dropped like a stone and the entire bond market turned upside down.

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