to trade and code, keep both simple... no call to impress....h
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Yellen's Testimony: Scenarios & Market Reactions - Credit Suisse
Credit Suisse's base case is that Federal Reserve Chair Janet Yellen will seek to achieve two major objectives when she delivers her Semiannual Monetary Policy Testimony to Congress this week: 1- "She will want to preserve policy flexibility, keeping the prospect of a mid-year rate hike very much on the table. In pursuing this first goal, Yellen may come across as sounding mildly hawkish, especially in light of the decidedly dovish January FOMC minutes released this week," CS projects. 2- "Yellen will make a strong case for monetary policy independence, firmly resisting calls by some in Congress for more stringent ... (full story)