Yet Yellin wants to raise rates.
This whole economy vs rates thing has me pulling my hair out! One week I'm yellin' (pun) about zero interest rates and no return on my savings, the next it's about them trying to raise them in a deflated world economy.
We can't win.
It would be easier if this country had a good fiscal policy, lower taxes, less regulation, etc. Now with a national debt of close to $20 Trillion (and nothing to show for it), highest corporate taxes, lowest labor penetration in decades, stagnant wages, where do you go?