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Yellen: March Hike Appropriate If Economy Evolves As Expected – Live Feed

Friday, March 3, 2017 14:55
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(Before It's News)

zerohedge.com / by Tyler Durden / Mar 3, 2017 12:52 PM

While the overall tone of Yellen’s comment is hawkish, she did have several dovish comments, among which the following:

  • YELLEN: U.S. ECONOMIC GROWTH POTENTIAL LOOKS A BIT LESS THAN 2%
  • FED’S YELLEN SAYS U.S. ECONOMY’S POTENTIAL TO GROW LOOK TO BE ABOUT 2 PERCENT, UNLESS LABOR FORCE GROWS FASTER
  • YELLEN: NOT MUCH FED CAN DO TO AFFECT LABOR FORCE GROWTH
  • FED’S YELLEN SAYS THERE IS A ‘GREAT DEAL OF UNCERTAINTY’ ON TRUMP’S ECONOMIC POLICIES

Yellen live feed, courtesy of the WSJ:

Yellen did not rock the hawkish boat as some were worried, and instead signaled the central bank is likely to raise short-term interest rates at its March meeting, and suggested more increases are likely this year if the economy performs as expected. She also indicated the Fed expects to raise rates again this year, saying it likely will move more than it did over the past two years, when it raised rates once in 2015 and 2016 each.

The key passage in her speech: “it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect… Indeed, at our meeting later this month, the [Federal Open Market] Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate.”

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The post Yellen: March Hike Appropriate If Economy Evolves As Expected – Live Feed appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/03/yellen-march-hike-appropriate-if-economy-evolves-as-expected-live-feed/

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