A Troubling Lack Of Discipline

U.S. Federal Reserve Chair Janet Yellen took to the podium in Philadelphia this week to provide her latest thoughts on the economic outlook. It was a closely watched speech given the implications for the course of monetary policy in the coming months, particularly in the wake of Friday’s poor employment report. The conclusions that can be drawn from the speech suggest a troubling lack of discipline in terms of how monetary policy is being carried out in the U.S. today.

Please click on the link to read more of my article on Seeking Alpha.

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