Fed Mouthpiece Parses Timid Janet’s Latest Pronouncement

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Janet Yellen has spoken and the word was “hold.”
And not only that, the FOMC median forecast now only implies two rate hikes for 2016 versus four as the Fed’s own outlook converges on market expectations. The read through on the US economy was relatively benign but worries about global markets persist, and the very fact that that has become what certainly appears to be a deciding factor in these decisions speaks to the notion that the invisible “third mandate” is becoming more and more apparent with each passing meeting.
In any event, here’s Jon Hilsenrath parsing the latest statement from the “data-dependent” Fed as only WSJ’s Fed whisperer can.

This post was published at Zero Hedge on 03/16/2016.