The Conversation

Why the economy – and the Fed – isn't ready for a rise in rates

Author: The Conversation

Are the eyes windows into her soul or the FOMC rate-hike calendar? Reuters

In late February Federal Reserve Chair Janet Yellen delivered her semi-annual testimony before the Senate. In it she gave lawmakers – and the rest of us – a mixed sense of what to expect from the central bank’s monetary policy in the coming months.

She began...

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