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Treasury Secretary Yellen says rates “may have to rise somewhat ….”

edited May 4 in Other Investing
LOL (click here)

Markets reacted to the non-sensical statement, so am posting it. What in h*** Yellen is trying to achieve with a statement like that escapes me, unless Powell asked her to sow the seeds of rising rates in investors’ minds prior to the Fed moving.

Comments

  • edited May 4
    Yellen’s comment must have served to strengthen the Dollar on the currency exchanges, Most everything I own tied to non-dollar assets took a hit. Just by way of example: Miners lost 1.15% across the board. OPGSX, PRELX and RPGAX among my worst performers.

    Yellen has also received some derision among the financial pundits. Quoth one: “Talk is cheap.”
  • Cheap for whom?
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