Wednesday, March 15, 2017

It's Janet Yellen Day

It is very likely that today she will raise the interest rates controlled by the Federal Reserve by 25 basis points.

Most important, she will raise the range for the Fed funds rate to 0.75% to 1.00%.

The current period is very complex. I go into details in the EPJ Daily Alert, but this is likley to be the first in a series of Fed rate hikes this year.



  1. RW: Since she knows Trump will likely replace her, do you think she will purposely raise rates to pop the bubble and make Trump look bad?

  2. Bob, you should know that the FFR is not important as long as the rate on excess reserves is in play. C'mon.