Janet Yellen’s “Humphrey-Hawkins” Testimony: Desperately Seeking Credibility – Live Feed

from Zero Hedge

Just a week after utterly embarrassing herself in a frenzied hour of mumbling and incoherent babble, Fed Chair Janet Yellen will begin Day 1 of her semi-annual testimony (so-called “Humphrey-Hawkins” hearings) playing defense as all the promises she has made in the past six months fade into reality. Expectations are for a stable dose of muted confidence with no over-promising from The Chair but the Q&A is likely to be fireworks-prone as this is the last scheduled chance lawmakers, many of whom face re-election, will have to publicly question the Fed chief before voters head to the polls in November.

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