Tuesday, May 26, 2015

A Clue the Fed is Going to Raise Rates in September?

Reports WSJ.
[Fed chair Janet]. Yellen “does not plan to attend the Federal Reserve Bank of Kansas City’s Jackson Hole Economic Policy Symposium in August,” a Fed spokesperson said Tuesday. “However, she looks forward to participating in the symposium from time to time in future years as part of a public speaking schedule that includes a wide variety of venues and events.”
Is this an indication the Fed plans to raise rates in September and she doesn't want to have public exposure before the event?

The 2015 Jackson Hole central banker get together is scheduled for Aug. 27-29, just three weeks before the Fed’s Sept. 16-17 policy meeting. This year’s symposium topic: “Inflation Dynamics and Monetary Policy.”



  1. This year’s symposium topic: “Inflation Dynamics and Monetary Policy.”
    Oh, the irony.

  2. Robert, I have read on EPJ that you believe that Janet Yellen will raise interest rates this year. You disagree with Peter Schiff. Who has the opinion that Janet Yellen will never raise interest rates.

    I believe what Peter believes. Primarily because if the FED raises interest rates, the interest rate cost of the current $18Trillion of Debt will be going up. And up. And up. If the interest rate became 5% the interest paid on that would be $900Billion. Annually.

    Or Robert Wenzel, the interest rate will go up to .25%? Which would mean, nothing. Or what is your point?

  3. It's about technically having a rate increase this year. So... December. Sometime in the typical holiday break date range. 0.125%