Janet Yellen’s Last Hurrah: A Final Rate Hike, And Don’t Expect More Info on the Great Unwind
December 15, 2017
The three most notable aspects of Janet Yellen’s final press conference as the chair of the Federal Re-serve were the expected comments in support of the central bank’s 25 basis point rate increase, positive economic expectations of pending tax reform efforts, and confirmation the Fed is unlikely to provide much information about its balance sheet reduction going forward.