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Re: goforthebet post# 4908

Friday, 03/17/2017 7:46:14 AM

Friday, March 17, 2017 7:46:14 AM

Post# of 19215
Saying they thought the GDP was running around 2% was part of her answer. The rest of it was just BS. She said something about "noise" in the data, which I assume means it can't be taken at face value? Then she said the Fed policy wasn't "written in stone" and that if they had to change they would.

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.