Where have I heard this before? The Fed thinks it may raise interest rates sometime this year, possibly even in September. Janet Yellen and other Fed officials are making a joke out of "forward guidance." It might be funny, if we had not been getting such "forward guidance" for almost two years now.

    Unfortunately, Janet Yellen and the current Fed are losing all sorts of credibility. I have not felt such disdain for the Federal Reserve in my whole professional career.


Jared Dillian made the point this morning that guessing what central bankers will do is much easier than guessing what stocks will do, and considering how much influence the central bankers have, it's actually easier to make money. How to do it? Subscribe to his newsletter of course.

posted by b_b: 901 days ago