Prepare for Turbulence

‘The job of the central bank is to worry.’
– Alice Rivlin
‘The central bank needs to be able to make policy without short-term political concerns.’
– Ben Bernanke
‘… from the standpoint of the overall economy, my bottom line is we’re watching it closely but it appears to be contained.
– Ben Bernanke, repeatedly, in 2007
‘Would I say there will never, ever be another financial crisis? You know, probably that would be going too far, but I do think we’re much safer, and I hope that it will not be in our lifetimes, and I don’t believe it will be.’
– Janet Yellen, June 27, 2017

This post was published at Mauldin Economics on JULY 9, 2017.