Last quote by Michael Gapen
Michael Gapen quotes
We see the (Yellen) comments as an effort to exert control over the message and, in doing so, tilt expectations for policy rate hikes in a decidedly dovish direction.
The era of low or even negative interest rates across the developed world, particularly in Japan and the euro zone, could last for several years to come.
A move to an open-ended policy stance would be a important and powerful shift in the implementation of Fed policy; it would, in effect, say that the Fed is in motion until the data tell it to stop.