Weekly Wrap: Janet Yellen cries hawk
Markets closed mixed after Federal Reserve Board Chair Janet Yellen said interest rates definitely, could, maybe go up in the next few to several months, probably. That kind of vagueness is nothing new.
Specifically, Yellen said during her speech in Jackson Hole, Wyoming, today that “the case for an increase in the federal funds rate has strengthened in recent months.” We tried to parse that statement on the Weekly Wrap today. Is the Fed crying wolf? Redfin’s Nela Richardson argued it might be crying hawk — that is, acting like it will raise rates twice this year, but backing out at the first sign of trouble.
Click the audio player above to listen to their conversation.
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