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Politics : Formerly About Advanced Micro Devices

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To: THE WATSONYOUTH who wrote (892679)10/9/2015 2:20:35 PM
From: Tenchusatsu  Read Replies (1) of 1574561
 
TWY,
I recall stating a few years ago on this board that the FED will NOT raise rates until Obama leaves office. It's all about keeping the music playing until the ones responsible get out.
What does Janet Yellen get out of this?

I feel like this is a case of damned if she does, damned if she doesn't, given how addicted this economy is to easy Fed money. Right now, she's choosing the path of least resistance given how incredibly shaky this economy is. Of course that's going to look like she's actively trying to make up for Obama's failures.

Maybe she can revise some of the metrics that the Fed uses to estimate inflation. Some of the stubbornness I'm seeing from the Fed seems to be unnecessary. Inertia is not an excuse you want to use when things go south.

But other than that, there really isn't much the Fed can do because their scope is limited, despite how much power we like to ascribe to them.

Tenchusatsu
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