Fed’s Bullard Warns Yellen on Credibility, Sticks with Forecast “1 Hike in Next 2.5 Years”

by Mike ‘Mish’ Shedlock
Mish Talk

Today has certainly been entertaining.

First, Janet Yellen came out with a chart showing there was a 70% chance that rates would be between 0% and 4.5% in 2018. Is the 90% confidence level -1.0 to 6?

This was followed up by a blast from St. Louis Fed president and FOMC voting member James Bullard that the Fed’s Forecast of Gradual Rate Hikes is Damaging its Credibility and the Economy.

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