FED Chair Janet Yellen said recently that she and her colleagues had misjudged and adopted the wrong monetary policies based on the FED preferred inflation target of 2%. Therefore, she would continue to gradually increase the interest rates in the future to rectify the mishandling of the economy and disregard the unachievable 2% inflation rate.
Now, we have another Fed governor supporting her.
http://www.marketwatch.com/story/feds-rosengren-backs-regular-and-gradual-interest-rate-hikes-2017-09-27?siteid=yhoof2&yptr=yahoo
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1 comment:
The expectation of the interest rate hike is causing the USD to appreciate. It seems that nothing will hold Janet Yellen back unless a Korea peninsula war breaks out.
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