Janet Yellen

And So Begins The Rug-Yank Phase Of Fed Policy

"We wish Powell the best in his endeavors.  But we suspect he’ll unwittingly pull the rug out from under financial markets and the economy before he completes his first year.  After that, the fun really begins."

2 Charts That Might Define The Fed's Jerome Powell Era

"We expect financial imbalances to become their biggest worry, bigger than the risk of recession, which should matter less and less to the central bankers’ reputations as the business cycle expansion continues to lengthen..."

Watch Live: Janet Yellen's Last FOMC Press Conference

Grab your handkerchief, it's gonna be a tear-jerker. Having managed to get through her term as Fed Chair without a 'crisis', unlike her three previous colleagues, it would appear Janet Yellen has managed to jump ship at the perfect time. Will she leave her last press conference with a 'hanging chad' of uncertainty about extreme asset valuations, or toe-the-line for Powell that everything is awesome?

Full Preview Of Janet Yellen's Last Ever Rate Hike

In previewing today's FOMC decision, which will also be Janet Yellen's last rate hike decision and press conference before she is replaced by Jay Powell, there is a TL/DR version, which is summarized by the chart below and which shows that according to the market, the probability of a rate hike today is 100%.

Yellen's Big Goodbye (And What She's Leaving Behind)

"The past three Fed Chairs before Yellen all had their own crisis to deal with. But Yellen? Nothing. Nada... Yet the lack of a market crisis under her watch might play an important influence on the last meeting she chairs. Think about what she is leaving for Jerome Powell. It is quite clear that the ‘animal spirits’ have been ignited."

 

Abracadabra - Uncovering The Fed's 'Magnificent Fraud'

Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue how unwinding the Fed balance sheet works? Or what its relationship is to the real world?