and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot
-Geaux
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Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response
Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.
Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge
-Geaux
====================
Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response
Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.
Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge