Marketplace®

Daily business news and economic stories

Weekly Wrap: Janet Yellen cries hawk

Nela Richardson and Cardiff Garcia joining us to talk about the week's business and economic news.

Despite the slowing growth rate, Federal Reserve Board Chair Janet Yellen voiced optimism about the economy at the central bank's annual Jackson Hole summit.
Despite the slowing growth rate, Federal Reserve Board Chair Janet Yellen voiced optimism about the economy at the central bank's annual Jackson Hole summit.
Win McNamee/Getty Images

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.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    9 hours ago
    25:19
  • Make Me Smart
    14 hours ago
    19:00
  • Marketplace Morning Report
    17 hours ago
    6:55
  • Marketplace Tech
    21 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45