Once again The Fed chickened out – despite reaching every goal they have set. Janet Yellen needs to explain why Trump is wrong, given her comments that “the case for an increase in fed funds rates has strengthened but [we] decided, for the the time being, to wait for further evidence of continued progress.” Simply put, the data dependent Fed just admitted that it’s going to ignore the data and just choose to stay on hold (before the election) as Trump might say “choosing the political answer not the right answer.”
Live Feed:
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