While Janet Yellen has made herself ill from stressing over whether she should or should not raise rates (in December... or ever) as she weighs the economy, the market, and her credibility, Representative Brad Sherman just dropped another huge weight on her shoulders. During Yellen's testimony this morning, having expressed notable hawkishness towards a December hike, Sherman told Yellen that God does not want her to raise interest rates until May. As one Twitter wit noted - you can't make this stuff up.
"If you want to be good with The Almighty, you might want to delay until May."
"God's plan is not for things to rise in the autumn, that is why it is called fall"
Does the Fed's independence include independence from the will of God?— Binyamin Appelbaum (@BCAppelbaum) November 4, 2015
This guy votes on matters affecting all American lives. pic.twitter.com/MWW6iCVrme— Rudolf E. Havenstein (@RudyHavenstein) November 4, 2015
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The real question is - Will Goldman Sachs still "Do God's Work" even if Yellen won't?