Federal Reserve Interest Rate Hike: Hurry Up and Wait
By delaying rate normalization, the Fed is buying itself some time to take in the greater macro picture.
Christopher Probyn
September 29, 2015
Janet Yellen, chair of the U.S. Federal Reserve, pauses while speaking during the annual Philip Gamble Memorial Lecture at the University of Massachusetts Amherst in Amherst, Massachusetts, U.S., on Thursday, Sept. 24, 2015. Yellen said the U.S. central bank is on track to raise interest rates this year, even as she acknowledged that economic "surprises" could lead them to change that plan. Photographer: Scott Eisen/Bloomberg *** Local Caption *** Janet Yellen
Scott Eisen/Bloomberg
