The American People Are Finally Waking Up!
SOTN Editor’s Note:
It ‘s truly amazing to see how much more aware Americans are about the true workings of the Federal Reserve. While many still do not know that the FED is a totally rogue international crime syndicate that is by no means federal and has no real currency in reserve, they are now aware that most of what the FED Chair utters is complete BS.
Even though only very few understand that the FED has been actively engaged in a multi-decade crime spree that has defrauded the American people out of trillions of dollars in order to enrich the mega-banks that are TBTF, they are slowly catching on to this ongoing scam of the millennium. The Libor rate-fixing scandal alone has seen to it that many investors are waking up to the massive and convoluted conspiracies which are hatched to steal wealth however and wherever they can.
LIBOR: The Biggest Price-Fixing Scandal Ever
The article posted below in its entirety was published here so that our audience could read the highly perceptive comments posted by CNBC readers. It is truly remarkable that so many have caught Chairperson Janet Yellen dead in her tracks. Virtually every comment has called her out on something, although that’s not very difficult for those who have a modicum of common sense or financial background.
First off, her comments about a possible rate hike are pure monetary posturing at its best and outright political interference at its worst. Her other disingenuous assessments about the economy are as farcical as they are fallacious.
Really, how stupid does she think the American people are?!
As the headline above shouts, “You Gotta Read These Comments at CNBC!”
Here’s the link to read them: http://www.cnbc.com/2016/05/27/yellen-rate-hike-probably-appropriate-in-the-coming-months.html
State of the Nation
May 28, 2016
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Yellen: Rate hike probably appropriate in the coming months
Jacob Pramuk
CNBC
Federal Reserve Chair Janet Yellen said Friday an interest rate hike is “probably” appropriate in the coming months if economic data improve.
“It’s appropriate, and I’ve said this in the past, I think for the Fed to gradually and cautiously increase our overnight interest rate over time and probably in the coming months, such a move would be appropriate,” she said in response to a question at Harvard’s Radcliffe Institute for Advanced Study.
Her remarks comes as colleagues on the Fed’s policymaking committee have pointed to an increase in the federal funds rate target sooner rather than later. Yellen has expressed caution this year on rates, as inflation lags below the Fed’s 2 percent target and global risks persist.
Brian Snyder | Reuters Federal Reserve Chair Janet Yellen speaks at the Radcliffe Institute for
Advanced Studies at Harvard University in Cambridge, Massachusetts, U.S. May 27, 2016.
“The economy is continuing to improve,” Yellen said, adding that she sees growth picking up after a sluggish first quarter. Yellen added that oil prices and the dollar are “roughly stabilizing,” which would help to push inflation toward the Fed’s goal.
The Fed’s policymaking committee meets on June 14 and 15. Markets priced in a roughly 28 percent chance of a hike in June and 57 percent in July before Yellen spoke, according to the CME Group. Those chances rose to 34 and 62 percent for June and July, respectively, after her comments.
The Federal Open Market Committee’s April meeting minutes released this month showed most policymakers would support a hike in June if economic data improved as expected.
On Thursday, FOMC voters continued to hint a hike may come in the near future. Fed Governor Jerome Powell said an interest rate hike could be appropriate “fairly soon,” adding that he supports gradual increases if data underpin forecasts for an improving economy.
Earlier Thursday, St. Louis Fed President James Bullard told reporters he believes markets “read the minutes correctly” when they priced a higher chance of a hike.
Yellen on Friday said the Fed needed to avoid raising rates too quickly, as it could cause a slowdown.
“If we were to raise interest rates too steeply and we were to trigger a downturn or contribute to a downturn, we have limited scope for responding, and it is an important reason for caution,” she said.
Aside from her comments on rates, Yellen gave a broader assessment of the U.S. economy. She said it has made “a great deal of progress” in the “slow recovery” since the global financial crisis.
Yellen highlighted improvement in the labor market, saying it has nearly reached a point that most economists would associate with full employment. However, she outlined out some areas of weakness, including wage and productivity growth.
One widely followed market watcher did not think Yellen’s comments necessarily meant the Fed will hike in June. DoubleLine Capital’s Jeffrey Gundlach said Yellen’s remark “doesn’t suggest” a hike in June, according to Reuters.
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http://www.cnbc.com/2016/05/27/yellen-rate-hike-probably-appropriate-in-the-coming-months.html