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Fed Chair Yellen Faces First Leadership Test

Monday, March 17, 2014 - 6:16 AM
From USA Today
New Federal Reserve Chair Janet Yellen faces an important test Wednesday as her first news conference coincides with an anticipated change in the central bank's guidance related to short-term interest rates.

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Also from USA Today, this article shows what the Fed faces this year:
Finally, as dovish as Yellen and the others may want to be, there are a couple of realities confronting the bank. One is the lack of ammunition for any crisis that might pop up before the current QE program is back to zero again. QE is partly a psychological effect, and backing out of tapering it in mid-stream is likely to induce considerable anxiety after the initial euphoria wears off.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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