The Pathetic ‘Talk Therapy’ Of Janet Yellen

What in god’s name does Janet Yellen think she is doing? Just a few weeks ago she established the ridiculous Fedspeak convention that “patient”  means money market rates will not rise from the zero bound for at least two meetings. Now she has modified that message into “not exactly”. As her Wall Street Journal megaphone, Jon Hilsenrath, was quick to amplify: […]
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