The two Fed chairs have very similar mindsets when it comes to monetary policy. Can you even tell the difference?
And action is even less likely as the presidential election approaches.
The FOMC meets July 26-27. Since its last meeting, Brexit passed, markets tanked and rebounded, and the U.S. economy has shown signs of renewed strength.
We know what she's thinking: it's mixed feelings.
About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.