Top central bankers choose their words carefully. They know sending the wrong signals can unleash havoc, and they’ll get blamed for it. More important, as masters in acrobatic flip-flopping and backpedaling, they rarely promise a specific outcome. So when a Fed official does say anything definitive, I pay attention—because it’s almost never an accident. Last week, I did a double take when I saw this Reuters headline: Fed's Yellen expects no new financial crisis in 'our lifetimes'. That’s an unusually bold statement for any Fed leader, much less the chair.U.S. Federal Reserve Chair Janet Yellen said on Tuesday that ... (full story)