Posted on 07/10/2015 12:39:01 PM PDT by BenLurkin
Federal Reserve chair Janet Yellen on Friday said she expects the Fed to raise interest rates at some point this year, but pointed strongly to her concerns that U.S. labor markets remain weak and that more workers could be encouraged back into the job market with stronger growth.
She said she expects the economy should grow steadily for the remainder of the year, allowing the Fed to move ahead with its first rate hike in nearly a decade.
"I expect it will be appropriate at some point later this year to take the first step to raise the federal funds rate and thus begin normalizing monetary policy," Yellen said in a speech to the City Club of Cleveland, a civic group that sponsors high-level speakers.
"But I want to emphasize that the course of the economy and inflation remains highly uncertain...We will be watching carefully to see if there is continued improvement in labor market conditions, and we will need to be reasonably confident that inflation will move back to 2 percent in the next few years."
(Excerpt) Read more at reuters.com ...
Then watch the squealing little government weasels head for the hills. Got ammo?
When “QE” ends the equities market will pull back.
Labor weakness? I thought we were almost at “full employment.”
Bingo!
The banks want their darn money. That simple. I keep trying to raise my rates too, but...
RE: Yellen says expects rate hike this year, but cites labor weakness
I thought the unemployment rate is just 5.3% ... /sarc
How many times have we heard her sing this song? The second the Fed talks about raising rates the stock market starts to tank and they have to back off. They have printed too much money and now they are like a hamster on a wheel. There is no exit strategy.
If she would avoid calling press conferences and announcing insanity people would respect her more as a mentally challenged person trying to fit into the workplace without a handler.
There is an exit strategy, it s called World War III.
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