“The Federal Reserve may be about to discover that letting the data drive its decisions on raising interest rates is easier said than done. Fed Chair Janet Yellen’s new strategy, a departure from six years of explicit guidance, calls for adjusting policy according to how the economy evolves. That will make it harder for investors to predict the Fed’s decisions, and risks hurting growth if a surprise triggers a surge in bond yields that stifles business investment and starves the housing recovery.”
Related posts:
Red Cross chief: Syria needs humanitarian aid, not just military threats
Obama announces proposals to reform NSA surveillance
Creator of PGP explains why he moved his company to Switzerland
Needy EU Nations Woo Chinese Home Buyers to Ease Slump
Bloomberg: Smart Money Is on Geithner to Replace Bernanke
French Jews to sue Twitter over anti-Semitic tweets following German neo-Nazi ban
Harvard Study: No Correlation Between Gun Control and Less Violent Crime
Venezuela's gold reserves fall 24% in 18 months
Health care law's tax hikes are coming: Who pays?
NSA promises transparency by launching new Tumblr blog
Keurig Founder Loses $144M In Minutes As Shares Crash
Feds expand hunt for offshore tax evaders
The View From Pyongyang
NYT: 'Close the N.S.A.’s Back Doors'
NJ State Police dashboard camera shows confrontation with county police