What is the story about the meetings going on with the Fed this week? The first news I heard Monday morning was the Fed was going into an unscheduled emergency secret meeting Monday, then was going to have a meeting with Obama and Biden that afternoon and then Obama was going to have a public announcement Tuesday at 3 PM.
Then I heard the Fed was going to have meetings Monday, Tuesday, and Wednesday mornings....
Yeah, Yellen's good at that. My private take is that last Dec. she caved to the "obamanomics is great" crowd and raise rates last Dec., and has regretted it ever since. Sure, we got a lot of positive signs, but we also got one heck of a lot of negs too.