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comment by mk
mk  ·  3498 days ago  ·  link  ·    ·  parent  ·  post: Yellen Calls Stock Prices ‘Quite High’

Any reason why September? The most likely time for a rate hike?





user-inactivated  ·  3498 days ago  ·  link  ·  

Just speculation

Edit: I tried to find the source for the comments on this ZeroHedge post and the above was not it... so, it's ZeroHedge, but, yeah.

mk  ·  3498 days ago  ·  link  ·  

Seems probable. I am sure they feel like they have to prick the bubble, but don't want to do it too soon, and get blamed for an economic downturn.

It's pretty clear that the tools at their disposal can create asset bubbles much more efficiently than they can economic growth.