Fed's Yellen

Forex News: Fed's Yellen on the Wires

Greg Michalowski — Tue, 13 May 2008 14:58:35 -0400

Greg Michalowski — Tue, 12 Feb 2008 12:48:25 -0500

Fed has moved in an aggressive and timely fashion
Emergency Rate Cut was to address fear on economy
Spreads represent caution by banks on liquidity
Sees disruptions in commercial real estate lending
Market tensions have lessened however there is still tension in the money markets
Slow growth is more probable than recession
Fed must be focused on downside economic risk
Fed must not be afraid to act due to moral hazard
Increase in credit spreads have worked counter to the Fed's cuts

ANALYSIS: Ms.

Greg Michalowski — Tue, 12 Feb 2008 11:07:53 -0500

Say:

Comments are similar to her comments made last week.

Greg Michalowski — Tue, 12 Feb 2008 11:01:21 -0500

She is not a voting member of the Federal Open Market Committee (FOMC)