Yellen Says Rate Hikes Soon As Need More Ammo “In Case Of Shock” – Live Feed

Friday, May 27, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/27/2016

Dove, hawk, or nothing at all? That’s the question as Fed chief Janet Yellen speaks after she receives the Radcliffe Medal from Harvard University’s Radcliffe Institute for Advanced Study. There are no prepared remarks, but a scheduled 30-minute Q&A session with Greg Mankiw could give insight into Yellen’s thoughts on two key issues: whether she now has more faith that recent evidence of rising inflation is convincing, and the degree to which she feels overseas risks have receded. Most (including the market) expect Yellen to stick to the hawkish meme ascribed by the latest FOMC statement and numerous Fed speakers. Some, including DoubleLine’s Jeff Gundlach expect a dovish Yellen to re-appear. Still others believe she will say nothing at all – instead waiting for a more formal speech on June 6 to drop her tape bombs.

As SocGen notes, Fed Chair Yellen will be honoured at Harvard, with a conversation on her achievements at the ceremony. However, little emphasis on the monetary policy outlook is expected at this event. The appearance to look forward to will be the Chair’s speech in Philadelphia on June 6, the Monday following the May employment report and a day before entering the blackout period for the upcoming FOMC meeting.

Live Feed (The event started at 1030ET with Yellen is due to speak at 1315ET.. though it appears they are running late)…

*BERNANKE SAYS WE’RE LUCKY TO HAVE YELLEN LEADING THE FED
Headlines:

*YELLEN: AMERICA OWES BERNANKE ENORMOUS DEBT OF GRATITUDE
*YELLEN: CAPITALISM IS BEST ECONOMIC SYSTEM BUT CAN BREAK DOWN
*YELLEN: WE WANT TO DO EVERYTHING TO HEAD OFF A FINANCIAL CRISIS

The Rest…HERE

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