"What’s more, the government went back and revised some of its estimates for prior quarters. Uncle Sam now believes the economy grew well above the normal 3% rate in three out of the past four quarters."That's absurd, but it puts pressure on Yellen.
"On Wednesday, the Fed announced that it would keep short-term interest rates near zero and would continue to gradually taper its stimulative bond-buying program as the economy improves. No surprise there.Maybe Obama is fudging the numbers to get Yellen to raise rates and crash the economy to start the revolution he wanted. He's put his people and systems in place, and he wants his revolution.
But the chatter for the Fed to stop coddling the economy really heated up Wednesday morning."