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1.Market Observations, 8.Was Sticky

26 Feb 2015 (AFR) – Federal Reserve chair Janet Yellen prepares market minds for rate rise

(26 Feb 2015, AFR, p17, John Kehoe)

‘Janet Yellen’s monetary policy testimony to Congress was clear enough to lay the groundwork for interest rate rises as early as June, but opaque enough to keep everyone guessing when “liftoff” will begin. The Federal Reserve chair’s objective seemed clear: subtly shift the market’s psychology from the comfort of ultra loose monetary policy to preparing for the inevitable gradual tightening this year.’

Read more at AFR.com (might need AFR login access)

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