Friday, March 17, 2017 7:46:14 AM
The bottom line was that the reporter called her out on the "data" that obviously didn't warrant them doing a rate hike on Wednesday.
Yellen didn't have a valid response to the reporter's questions.
She could have used the excuses (sub-par growth and slow wage growth) as reasons NOT to raise rates just as easily as any of the times before. My point is that the data currently isn't saying the economy has made a turn higher and raising rates will help, not hurt the situation more.
I personally think they have no other choice, they can't keep rates down where they have been forever. It also wouldn't surprise me if they're lowering rates again before the end of this year.
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