Today Janet Yellen Explained (Yet Again) Why Interest Rates Should Stay Low
Today, Janet Yellen struck a dovish tone with Congress, saying that the Fed's target interest rate is not really that low after all.
Today, Janet Yellen struck a dovish tone with Congress, saying that the Fed's target interest rate is not really that low after all.
It may be minor, but this week's rate hike should be just high enough so the Bank of Canada can cut them again when things start to get tough.
Those of us who are hostile to central planning are doubly hostile to governmental interference in the price mechanism — the policies of QE and ZIRP.
Alarm bells should go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.