Fed Watching: Yellen’s Semiannual Testimony Before Congress
​Fed Chair Yellen delivered the first leg of her semiannual testimony on monetary policy and the economy before the House Financial Services Committee this morning. Yellen was upbeat on the labor market but on inflation she said core measures have “edged down in recent months†and there is “uncertainty about when—and how much—inflation will respond to tightening resource utilization.†On monetary policy, Yellen repeated that “the evolution of the economy will warrant gradual increases in the federal funds rate over time to achieve and maintain maximum employment and stable prices.†There was little new on the balance sheet in Yellen’s prepared remarks, though in Q&A Yellen said balance sheet normalization should commence “relatively soon.â€
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.