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Sep 17, 2015
09/15
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CNBC
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two hours before janet yellin makes perhaps the first rate hike since 2006, we're still guessing. >> yeah. and you're right about that. we are guessing because there is no firm conviction. we don't see the fed funds rates running in one direction. we don't see the two-year, five-year, ten year moving in one direction. up or down. that tells you that the markets have no idea what we're going to do. we're all just taking our best guess. >> the markets never have an idea. we had a rate hike in 1994 that completely knocked the stock market on its tush. we had a 20% correction in the s&p because people were just not ready at all for anything like it, and you saw yields triple. the market wasn't ready in 1997. we had a stand-alone rate hike for no apparent reason. it's never ready. this is the one time that we've actually dissected the start of a hiking cycle to death, and nobody has ever seen anything like it. the amount of time, energy, attention, frustration that's been poured into this coming thing, which is why i think no matter what they do today, it could lead to kind of, all right,
two hours before janet yellin makes perhaps the first rate hike since 2006, we're still guessing. >> yeah. and you're right about that. we are guessing because there is no firm conviction. we don't see the fed funds rates running in one direction. we don't see the two-year, five-year, ten year moving in one direction. up or down. that tells you that the markets have no idea what we're going to do. we're all just taking our best guess. >> the markets never have an idea. we had a rate...
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Sep 4, 2015
09/15
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BLOOMBERG
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economic professor at john hopkins university and former adviser to fed chairs ben bernanke and janet yellin, a -- and janet yellen, a superstar on today. john, thank you so much for joining us. john: you're very welcome. happy to be here. alix: if you were advising janet yellen today what would you say after today's report? john: i think more important is what i would have said yesterday afternoon, which is no single jobs report probably matters much. and probably shouldn't affect the view, the general view of the outlook and thereby shouldn't affect the policy decision much. i think there is a common misconception the fed may turn sharply on any given and that wasn't what i experienced. there have been a lot of very solid signals that the u.s. economy has been doing okay in the sogget growth we've seen for -- in these solid growth we've seen for several years now and so i think it would have been very surprising if there had been a weak jobs report. and as we saw, it was sort of right up the middle. and it shouldn't really affect the view of the policy makers much at all. on top of that, i
economic professor at john hopkins university and former adviser to fed chairs ben bernanke and janet yellin, a -- and janet yellen, a superstar on today. john, thank you so much for joining us. john: you're very welcome. happy to be here. alix: if you were advising janet yellen today what would you say after today's report? john: i think more important is what i would have said yesterday afternoon, which is no single jobs report probably matters much. and probably shouldn't affect the view,...
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Sep 27, 2015
09/15
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WNBC
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stocks poised to break a three-day losing streak on friday with early gains after janet yellin said she thought a rate hike was still likely this year. though they were mixed at the close. the man who was chairman of volkswagen for eight years is looking for a new job. martin vintercorn stepped down after a scandal of the admission ratings. vintercorn said he was shocked and did not know of the wrongdoing but accepted responsibility. vw is germany's newest corporation and if you collect social security in the united states, you should plan on getting no increase for the next year. the government bases its cost of living adjustments on inflation readings and right now, it looks too low to warrant a change. there were no increases in 2010 and 2011 either. >>> up next, we're "on the money." the pope's historic visit to the united states. what he really thinks about america, and our economic system. >>> and later, baby, you can drive my car. auto prices are up, but monthly lease payments are down. is now the time to sign up for that sighny hiny new car? as we duoto a go to break, look at ho
stocks poised to break a three-day losing streak on friday with early gains after janet yellin said she thought a rate hike was still likely this year. though they were mixed at the close. the man who was chairman of volkswagen for eight years is looking for a new job. martin vintercorn stepped down after a scandal of the admission ratings. vintercorn said he was shocked and did not know of the wrongdoing but accepted responsibility. vw is germany's newest corporation and if you collect social...
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Sep 24, 2015
09/15
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KYW
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federal chair janet yellin gives a speech on inflation and machine try policy. markets are looking for a clue that the fed could raise interest rates. fed held off earlier this month. analyst still expect a rate hike likely this year. yesterday another down day for the market, dow jones fell 50, nasdaq down four. volkswagen shares jumped 6 percent after the the company's ceo martin, stepped down. he took full responsibility for emissions rigging scandal but insists he did in the necessity about it. the the auto maker admitted to rigging 11 million diesel vehicles to pass emission tests. the board will meet tomorrow to discuss a new ceo. >>> it is a sign summer is really over. macy's, started to put up christmas decorations in years past the retailer is men for its lab break displays, this year consulting group predict holiday sales will jump 4 percent from last year mostly because of on line shopping. erika and nicole. >> that is not even octobery don't want to be a scrooge but i don't need to see christmas trees, or believe signs, you know, before the month of
federal chair janet yellin gives a speech on inflation and machine try policy. markets are looking for a clue that the fed could raise interest rates. fed held off earlier this month. analyst still expect a rate hike likely this year. yesterday another down day for the market, dow jones fell 50, nasdaq down four. volkswagen shares jumped 6 percent after the the company's ceo martin, stepped down. he took full responsibility for emissions rigging scandal but insists he did in the necessity about...
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Sep 17, 2015
09/15
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CNBC
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janet yellin and others would tell you that there's only so much that the fed can do.nk that the fed is aware, even in a time like this that they can control the money supply and in doing so they control the rate of inflation and they do that by adjusting their interest rate targets. that's -- it's really truly not a black box, but there are a lot of moving parts to it. >> you know, if i give somebody who has a terminal illness a boatload of grain crackers for seven years and they improve, i think it would be a pretty big stretch for me to say that the grain crackers had anything to do with it. isn't there a significant aspect to that in fed policy, even if their heart is in the right place, and it isn't doing any "damage" that's because we can't handicap the future cost of zerp or quantity takive easing residual presence on the balance sheet, but isn't that sort of true? isn't this a grain cracker scenario we have here? >> only if you think of three and a half trillion grain crackers because that's the amount of stimulus that has been put into the system since 2007. 3
janet yellin and others would tell you that there's only so much that the fed can do.nk that the fed is aware, even in a time like this that they can control the money supply and in doing so they control the rate of inflation and they do that by adjusting their interest rate targets. that's -- it's really truly not a black box, but there are a lot of moving parts to it. >> you know, if i give somebody who has a terminal illness a boatload of grain crackers for seven years and they...
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Sep 16, 2015
09/15
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CNBC
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janet yellin's 2:30 p.m. news conference. she the fed chair to give proper respect where respect is due. you are exclusively with us on what he thinks is going to happen and what all of your investment decisions should be regardless of what takes place a little bit after that. coming up, the stocks that will win no matter what the fed does tomorrow. mike santolli has the names. a bullish outlook from under armour. a miss at fedex. trades on many names. you are watching cnbc. first in business worldwide. is . i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. excellent looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. hi mi'm raph. tom. my name is anne. i'm one of the real live attorneys you can talk to
janet yellin's 2:30 p.m. news conference. she the fed chair to give proper respect where respect is due. you are exclusively with us on what he thinks is going to happen and what all of your investment decisions should be regardless of what takes place a little bit after that. coming up, the stocks that will win no matter what the fed does tomorrow. mike santolli has the names. a bullish outlook from under armour. a miss at fedex. trades on many names. you are watching cnbc. first in business...
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Sep 17, 2015
09/15
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WRC
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chairman janet yellin warned it's too soon to raise rates citing low inflation and uncertainty abroadfed could still raise rates when it meets again in october, but experts say it could be more like december or early next year. there is historically, no rate would be yes for the rest of the xoo. >> this is describe the peel while, and what happened after he finished his meal that got him in a lot of trouble. >> i'm adam tuss, high above i-66 in northern virginia. pretty sight, isn't it? you want to get around the traffic in the future, though, you'll have to pay for it and the tolls are coming. >>> a laurel family says their 94-year-old mother died from west nile virus. i'm tracee wilkins. coming up on news 4 how the city is responding. >>> plenty of sunshine today. high temperatures right back into the 80s, but the weather, changing and changing big time just in time for the pope to make his way here. we'll talk about the we >>> a loving mother, a good neighbor and navy veteran. that's how family and friends are remembering a woman who could be the latest person in the state to die f
chairman janet yellin warned it's too soon to raise rates citing low inflation and uncertainty abroadfed could still raise rates when it meets again in october, but experts say it could be more like december or early next year. there is historically, no rate would be yes for the rest of the xoo. >> this is describe the peel while, and what happened after he finished his meal that got him in a lot of trouble. >> i'm adam tuss, high above i-66 in northern virginia. pretty sight, isn't...
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Sep 27, 2015
09/15
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CSPAN2
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i'm happy to report that janet yellin is doing that job better than her predecessors. despite the technologies many markets cannot regulate themselves on the contrary the ability of the financial engineers to create everything from credit defaults to exporting subprime mortgages to the products so they can bet against them at the expense of their customers such techniques require a central bank to govern both monetary policy and financial regulatory. i say this in full knowledge of the fact that human beings and officials are fallible and can be captured and indeed i've been a critic of the fed. they've often been too close to wall street that history shows repeatedly and vividly that in the case of money creation and the perils of market access are more extreme than the risk of regulatory. thank you very much. >> if you had to choose between janet and your own report. [applause] [applause] please raise your right hand and place your left hand on that copy of your favorite book. i am the reason and before that i was the chairman and ceo. i read a book on the financial
i'm happy to report that janet yellin is doing that job better than her predecessors. despite the technologies many markets cannot regulate themselves on the contrary the ability of the financial engineers to create everything from credit defaults to exporting subprime mortgages to the products so they can bet against them at the expense of their customers such techniques require a central bank to govern both monetary policy and financial regulatory. i say this in full knowledge of the fact...
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Sep 15, 2015
09/15
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i have to think that if janet yellin was going to raise rates, you would to so in a way in which thearkets would be much more certain about what would happen. i think it's been 63 days when she speaks on thursday, it will be 63 days since she last spoke. she's let her deputies duke it out. i don't know if that's abductation of leadership or a different kind of leadership. her silence is subtext to me, and that subtext tells me if you don't know, they're probably not going to go. >> they haven't telegraphed it enough, joe. if they don't go, what happens to the market? >> i think the most important thing for steve is this -- they wanted the transparency. they've never had a like. we've never had an ease where we've had the press conference afterwards. how does the investment community, steve, look at her usage of that tool being the press conference on thursday afternoon. >> well, look. i mean, that's a terrific question. it leads me to the second conclusion i've come to which is that yellin wants to use the press conference as her primary form of communication. the market volatility.
i have to think that if janet yellin was going to raise rates, you would to so in a way in which thearkets would be much more certain about what would happen. i think it's been 63 days when she speaks on thursday, it will be 63 days since she last spoke. she's let her deputies duke it out. i don't know if that's abductation of leadership or a different kind of leadership. her silence is subtext to me, and that subtext tells me if you don't know, they're probably not going to go. >> they...
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Sep 24, 2015
09/15
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KNTV
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the head of the fed, janet yellin, will speak after the close. there might be some anxiety about that. >>> chinese president xi jinping will meet with president obama in washington, d.c. tomorrow. yesterday he met with tech leaders in washington state. president xi met with all kinds of high-tech leaders, a real who's who in quoting facebook's mark zukerburg and all kinds of other people. the chinese president meeting with high-tech leaders before political leaders. you've got apple's tim cook here in the corner, bezos from amazon, head of ibm, the head of sysco and mark zuckerberg right there. google's soon-to-be brand new ceo has already sent the prime minister a welcome message. >> to be welcoming prime minister modi to silicon valley this coming weekend. there is tremendous excitement for your visit amongst all googlers and the community. >> connor perkins says it won't make ellen pao pay the firm's legal fees. pao lost lawsuit against the venture capital firm, the courts told her she had to pay the legal bill, that's standard procedure. now,
the head of the fed, janet yellin, will speak after the close. there might be some anxiety about that. >>> chinese president xi jinping will meet with president obama in washington, d.c. tomorrow. yesterday he met with tech leaders in washington state. president xi met with all kinds of high-tech leaders, a real who's who in quoting facebook's mark zukerburg and all kinds of other people. the chinese president meeting with high-tech leaders before political leaders. you've got apple's...
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Sep 29, 2015
09/15
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i think the markets sort of told janet yellin, hey, guys, you didn't make us any happier. the big picture is that we are in an earnings recession. earnings forecast for 2015 are lower than 10% below what they were in january. reported earnings which is the strictest measure is actually projected to be lower than it was in 2014. now, this is unprecedented outside of a recession period. i think it's the continual hits downgrade in earnings that is really just weighing on this market. almost no matter where the fed moves in october or december. >> so are you making the case for a bear market? >> no. you know, i -- back in august i said we're going to have a correction. that's the 10 to 15. will the august lows hold? perhaps. even if they don't, i don't see a bear market. i do not see it penetrating 20%. the reason is that interest rates are still very low. take a look at the ten-year today. approaching 2%. the primary reason for the earnings recessions are the collapse in oil prices and the strong dollar. that's not going to repeat itself next year. i'm not saying that they w
i think the markets sort of told janet yellin, hey, guys, you didn't make us any happier. the big picture is that we are in an earnings recession. earnings forecast for 2015 are lower than 10% below what they were in january. reported earnings which is the strictest measure is actually projected to be lower than it was in 2014. now, this is unprecedented outside of a recession period. i think it's the continual hits downgrade in earnings that is really just weighing on this market. almost no...
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Sep 17, 2015
09/15
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KQED
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. >> i think those are so indicators the federal reserve ising laing at, janet yellin was looking at and deciding on rates. the housing market is a huge part of the economy. you think it's not just home construction but it's the furniture you buy, the carpet, the moving, and also it's one of the few places where a middle class person today can make a real living, in construction, without a college education. >> rose: right. >> and so construction is very important for the economy generally. >> rose: but is the idea that, you know, invest in your home because it will always get better it will always grow, that equity will always be higher than it is what you invested. is that idea. >> it is certainly not dead. and i would say since the financial crisis went, you know, you had a kind of stable increase in the value of homes around the country over a 75 year period of time. and then you had a massive acceleration in the value of homes in a several year period of time fueled by basically no money down, crazy forms of financing. and that blew up because it was a bubble. and then the whole
. >> i think those are so indicators the federal reserve ising laing at, janet yellin was looking at and deciding on rates. the housing market is a huge part of the economy. you think it's not just home construction but it's the furniture you buy, the carpet, the moving, and also it's one of the few places where a middle class person today can make a real living, in construction, without a college education. >> rose: right. >> and so construction is very important for the...
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Sep 18, 2015
09/15
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KTVU
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feds chair janet yellin says this this was influenced by the slow economy.good news for consumers who should see continued low rate for car loans and mortgages. >> if you are looking to buy a hour, you should go buy a house now because the feds will raise the rates. >> and as you heard pam say, they are expected to raise the rates in december. >> the stock market likes to have order. and right now, because the feds did not give a call on when they're going to raise the rates, it makes the market dysfunctional. that's why in the overnight trading in europe, we saw the market down which affected our market this morning and it's down. we want the feds to make a desims we like order in the stock market. >> that's morgan stanley analyst george noceti. he expects the feds to raise the rates in december. he will join us again on the 9 to talk about how this will impact you. if you have a question for us, make sure that you send us the question here. >>> good news if you plan on buying a new home in the bay area. prices went down. the afternoon price for a home or c
feds chair janet yellin says this this was influenced by the slow economy.good news for consumers who should see continued low rate for car loans and mortgages. >> if you are looking to buy a hour, you should go buy a house now because the feds will raise the rates. >> and as you heard pam say, they are expected to raise the rates in december. >> the stock market likes to have order. and right now, because the feds did not give a call on when they're going to raise the rates,...
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Sep 1, 2015
09/15
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CNNW
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. >> what about sort of tangentially on this market wise we're talking about the fed, and what janet yellin to whether or not -- i know they had announced they'd be raising the interest rate for the first time since '08. what do you expect? >> and that's the thing, no one knows. that uncertainty is what's rattling the market. one thing to keep in mind, it's been a really long time since we have seen interest rates go up. the fed is careful on when that will happen, but now all of this market volatility is really throwing the fed into -- throwing the fed for a loop. because at the same time, the fed says this decision on when interest rates should go up should be data dependent, we want to see what kind of data comes out of the u.s., how is manufacturing looking and consumer sentiment looking, they're good, but not great. the fact that we're at least six years out of the recession and this data isn't that strong considering. so you've got the fed wrestling with that and also the market volatility that's happening in china. you know, the fed may be willing to -- won't be willing to say it spe
. >> what about sort of tangentially on this market wise we're talking about the fed, and what janet yellin to whether or not -- i know they had announced they'd be raising the interest rate for the first time since '08. what do you expect? >> and that's the thing, no one knows. that uncertainty is what's rattling the market. one thing to keep in mind, it's been a really long time since we have seen interest rates go up. the fed is careful on when that will happen, but now all of...
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Sep 21, 2015
09/15
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janet yellin will speak on thursday. are not talking about market volatility because of the fed. tom: will janet yellen speak on thursday? at the: she is speaking university of massachusetts. we do not know. we expect her to talk about the economy, but whether she gets into the fed decision-making or just talks on economic theory. we are rating -- we are waiting to find out. tom: they have a financial markets division that is really strong. it will be interesting to see if she brings up a good volatility and such. headlines this weekend. here's vonnie quinn. vonnie: there was an election, and the greek prime minister is saying that his party has a clear mandate. alexis tsipras has been handed a second straight term, steering the country into a new bailout deal. he credits young voters for his went. alexis tsipras: i want to thank the young people who gave this syriza proved too hard to die. tsipras wing party took tsipras'e -- left-party took 35% of the vote. the u.s. is dramatically increasing the number of syrian refuge
janet yellin will speak on thursday. are not talking about market volatility because of the fed. tom: will janet yellen speak on thursday? at the: she is speaking university of massachusetts. we do not know. we expect her to talk about the economy, but whether she gets into the fed decision-making or just talks on economic theory. we are rating -- we are waiting to find out. tom: they have a financial markets division that is really strong. it will be interesting to see if she brings up a good...
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Sep 16, 2015
09/15
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janet yellin will do this, that, or the other thing. we will bring you separate coverage. kathleen hays and michael mckee with me. we have set us very smart people, one drinking miller, one drinking bud. drew matus is the u.s. economist at ubs. is at the same shop. bud or miller, which one? craft beer people at the table. julian? julian: bud. someone drink's beer, not swill. what did it signal to see yields shift and a better tone yesterday afternoon? there ist signals that hope, that there is a bottoming process in the market, and in a lot of ways china may have been the first fed rate hike, and the surprise now over and we are transitioning into what the fed is or is not going to do. tom: i am thrilled that you are both with us. is janet yellen catching up with ubs? >> i think it is difficult to think of the fomc as a single person. it is a cluster of dots. -- not necessarily a cluster of dots, there are different views. but it is not as though there are two competing ideas. there are 17 competing ideas, and they are all being talked about. we do not even know what the p
janet yellin will do this, that, or the other thing. we will bring you separate coverage. kathleen hays and michael mckee with me. we have set us very smart people, one drinking miller, one drinking bud. drew matus is the u.s. economist at ubs. is at the same shop. bud or miller, which one? craft beer people at the table. julian? julian: bud. someone drink's beer, not swill. what did it signal to see yields shift and a better tone yesterday afternoon? there ist signals that hope, that there is...
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Sep 24, 2015
09/15
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BLOOMBERG
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you go to tracy, i guess that suggests that is dollar strength and that it into a system that janet yellin00 p.m. michael: do we have any indication she will say anything that will be any use to anybody? tradersve heard lots of and investors complaining about the fed communication strategy. expectations going into last great prime example. it was a coin toss going in. that is coming from experts whose daily job detract monetary policy. they should not have that degree of uncertainty and yellen will have to say something specific about what the fed is looking at in terms of the u.s. recovery. based on the 5% long-term unappointed rate, they have hit that. to say she needs something about the wider world and how the fed is viewing global markets at the moment. michael: i am wondering what she could say that she did not try to say last week. it may be more how she says it. they seem to have a committee case and's problem. >> i don't and they heard that job. envy hert and the - job. every country that is raise rates the last couple of years has had to backtrack on the rate rise in the fed does
you go to tracy, i guess that suggests that is dollar strength and that it into a system that janet yellin00 p.m. michael: do we have any indication she will say anything that will be any use to anybody? tradersve heard lots of and investors complaining about the fed communication strategy. expectations going into last great prime example. it was a coin toss going in. that is coming from experts whose daily job detract monetary policy. they should not have that degree of uncertainty and yellen...