It Doesn’t Matter What She Says Today
Why do we even watch the charade today? We all know Janet Yellen is going to try and follow the Bernanke program after she is confirmed. But it really doesn’t matter, the interest rate and currency markets, free markets no less, are taking over leadership.
If she was going to do anything constructive she would read Eduardo Porters article in the NYT and put the Fed to work figuring out the real problem: