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Federal Reserve Chairman Janet Yellen just said...

  1. jackclee lm profile image74
    jackclee lmposted 12 days ago

    Equal odds that the GDP will be better or worst...than projected...in the future.
    Thanks for that forward guidance.
    Spoken like a true politician.
    Where does she get her training? In Vegas?
    Is she qualified to run the Fed?

    1. promisem profile image95
      promisemposted 12 days ago in reply to this

      Can we see the entire quote?

      1. jackclee lm profile image74
        jackclee lmposted 12 days ago in reply to this

        "At present, I see roughly equal odds that the U.S. economy's performance will be somewhat stronger or somewhat less strong than we currently project," she said.

    2. lions44 profile image97
      lions44posted 12 days ago in reply to this

      Any comment from the Fed Chair causes fluctuations in the market. What do you want her to say?
      If she says things will be great, and they miss projections, the markets will freak out.  But if she says things will slow, she'll be blamed for slowing down the economy unnecessarily.   
      Patience is a virtue. In many ways, so is caution.

      1. promisem profile image95
        promisemposted 12 days ago in reply to this

        Excellent points.

        1. lions44 profile image97
          lions44posted 12 days ago in reply to this

          Thanks, Scott.

      2. jackclee lm profile image74
        jackclee lmposted 12 days ago in reply to this

        How about just say nothing and act in best interest of our country's money supply...
        Raise the interest rate NOW...it is too low for too long.

        1. lions44 profile image97
          lions44posted 12 days ago in reply to this

          Good point.  But she needs to come out of her office between Board of
          Gov meetings on occasion.

 
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