How the Fed Is Fooling You Again​

by Michael Covel
Daily Reckoning

Last week, Janet Yellen’s flunkies rattled Wall Street by talking up an interest rate hike in June…

Richmond Fed President Jeffrey Lacker told the Washington Post that the chance of a June rate hike was “pretty strong.”

And New York Fed President William Dudley said a June rate hike is a “reasonable expectation” based on the economy’s strength.

So, is Mao Yellen really going to turn off the easy money spigot that’s been keeping stocks at all-time highs and Wall Street bankers flush with cash?

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