Janet Yellen Explains How Everything Is Awesome (But Not Awesome Enough) – Live Feed
by Tyler Durden
ZeroHedge.com
07/10/2015
“It will be appropriate at some point this year…to raise the Fed funds rate and normalize monetary policy,” Yellen recently explained but given recent comments from Fed heads and the FOMC Minutes, it appears the real meme is “everything is awesome, we promise and as long as it stays that way we will hike rates just a little bit, stand back and watch the implosion, then stand ready to step back in to save the world… oh, and if Greece, China, US Shale, or LatAm blow up contagiously, we won’t normalize policy ever again.” Yellen speaks on the US economic outlook at The City Club of Cleveland.
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