• 12 hours Holiday Spending Already Soaring Amid Pandemic
  • 1 day Another Stock Market Crash Could be Looming
  • 2 days Trump Loses Another Leg Of The WeChat Battle
  • 3 days DOW Plunges Amid WInter COVID-19 Surge Fears
  • 4 days Big Profits Are No Longer The Top Priority For Oil Investors
  • 5 days Banksy’s Littered ‘Monet’ Sells for $10M
  • 7 days Three Renewable Energy IPOs To Watch
  • 8 days Bitcoin Nears $13,000 As PayPal Joins The Crypto Fray
  • 9 days DOJ Declares The Obvious: Google Is A “Monopoly”
  • 10 days Alibaba Is About To Make History Again
  • 11 days Robinhood Users Are Latest Target Of Pandemic Hackers
  • 13 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 15 days Will The 5G Rollout Overshadow This Major Merger?
  • 15 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 16 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 16 days Banks Are Getting Rich On Pandemic Overdrafts
  • 17 days The Real Reason China Is Betting Big On Renewables
  • 17 days Europe Wants To End The Big Tech Monopoly
  • 18 days New Breakthrough Could Transform Rare Earth Mining
  • 18 days Waymo Set To Roll Out Fully Self-Driving Vehicles
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Yellen's Self-Serving Assessment: Fed is 'Doing Pretty Well'

Now that the bubbles have been blown (but still remain invisible to the Fed), Fed Chair Janet Yellen. Yellen conveniently pats herself and the Fed on the back for a job piss-poorly done.

Her self-serving assessment is the Fed is "doing pretty well". And her new message of the day is Era of Stimulative Monetary Policy Is Ending.

Janet Yellen

Federal Reserve Chairwoman Janet Yellen indicated Monday that the era of extremely stimulative monetary policy was coming to an end.

In a public discussion at the University of Michigan, Ms. Yellen said the Fed was moving away from its efforts to revive a recession-scarred economy and focusing instead on maintaining the gains of the past few years. That will change the central bank's policy-making stance, she said, noting that Fed officials plan to continue gradually raising interest rates unless the economy begins to deteriorate.

"Where before we had our foot pressed down on the gas pedal trying to give the economy all the oomph we possibly could, now [we're] allowing the economy to kind of coast and remain on an even keel," she said. "To give it some gas, but not so much that we're pressing down hard on the accelerator."

Ms. Yellen said the Fed is "doing pretty well" in meeting its congressionally mandated goals of low and stable inflation and a full-strength labor market.


New Fed Message

This new Fed message will last until either the GDP or the stock market tanks. We will find out more on April 28 when the BEA posts first-quarter GDP.

Meanwhile, the Hard-Boiled vs Soft-Boiled Economic Egg Debate continues.

 

Back to homepage

Leave a comment

Leave a comment