As predicted, the markets have had unprecedented growth. Chairwoman Yellen is a genius and now she has received news she will be replaced, FOR ABSOLUTELY NO REASON EXCEPT SHE IS A WOMAN!
When the market crashes again, we'll know who to blame.
November 1, 2017By John Ydstie
A day before President Trump (click here) was expected to name their next leader, Federal Reserve policymakers decided to hold a key interest rate steady at between 1 percent and 1.25 percent. However, analysts are still looking for a rate increase at the central bank's next meeting, in mid-December.
The Fed's post-meeting statement would seem to support that expectation. Policymakers slightly upgraded their assessment of economic growth from moderate to "solid" despite disruptions from hurricanes Harvey and Irma. And they said the labor market has continued to strengthen, despite a hurricane-related drop in payroll numbers in September....
