Rick Rieder, BI, BlackRock: Here’s Our TImeline for Interest Rate Normalization, here.
As market watchers dissect Federal Reserve (Fed) Chairwoman Janet Yellen’s widely anticipated Jackson Hole Symposium comments, many are focusing on her statements regarding how the U.S. jobs market has not yet fully recovered.
However, while her comments certainly were more dovish in tone than most other Federal Open Market Committee (FOMC) members, she did acknowledge improving labor and inflationary conditions, and this strikes me as the most significant part of her statement. Why?
Rieder’s BlackRock Blog, here. It’s a he will talk and you just listen sort of deal.