After reading dovish remarks from Fed chair Janet Yellen last week, these comments from another Fed governor stand in stark contrast.
It begs the question if the Fed believes that its primary tool is its ability to manipulate expectations for interest rates in the future through the power of its words, this type of cross-talking between officials certainly doesn’t help in that policy tool.
Rosengren to markets: You have it all wrong on rate hikes http://www.cnbc.com/id/103518094
