Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her – Ep. 37

Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her - Ep. 37

* FOMC wrapped up meeting with Yellen press conference
* Most people expected "considerable time" to be dropped
* Bloomberg believes "considerable" dropped in favor of "patience"
* The Fed didn't change anything
* The Fed didn't actually say anything
* Markets up on Yellen's optimistic non-news
* Why wait to raise interest rates?
* The longer the Fed waits to raise rates, the more painful it will be for the economy
* What is the Fed's strategy if economy slows down?
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