"Since Fed chief Janet Yellen targets jobs above all else, this was bound to force capitulation by the Fed before long. It happened this week in her testimony to Congress. "If the labour market continues to improve more quickly than anticipated, then increases in the federal funds rate likely would occur sooner and be more rapid than currently envisioned," she said. "If she does this, the crash will follow hard and fast.
Wednesday, July 16, 2014
Federal Reserve
Yellen threatens to raise interest rates.
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