Yellen has markets right where she wants them Much of the financial press is convinced that the minutes from the most recent FOMC meeting, released Wednesday, are showing a more hawkish Federal Reserve. That’s because as employment continues to grow and inflation inches up, many Fed governors are worried that price growth may soon reach the bank’s 2% goal, and potentially rise well above that in coming years. “Some … members anticipated that economic conditions would soon warrant taking another step in removing policy accommodation,” read the minutes. Fed minutes are frustratingly vague, in that they don’t indicate ... (full story)