The Most Important comment in Yellen's Speech was not Interest Rates

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Fed Chairwoman Yellen's most important comment was not about Interest Rates. Reporters quickly latched onto 3 comments made by FOMC members about their opinion on Fed interest rates. Most reports used those comments in their articles claiming Yellen stated interest rates were going to rise this year or next year. This was not what Yellen said, nor was it the most important statement made by the Fed Chairwoman, in her first FOMC meeting statement for the press.  Listen to Martha Stokes CMT as she explains what was the most important aspect of the speech. You will be surprised.

Martha Stokes, CMT

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