Extending the Fed’s good cop/bad cop routine, Chairwoman Yellen brought the sugar in her speech to the Economic Club of New York Tuesday and tamped down last week’s more hawkish tone brought on by comments from a few of the Fed’s regional bank presidents – namely, Dennis Lockhart from the Atlanta Fed, who speculated that the strength of the most recent US economic data could justify a rate increase as early as April.… Pssft
Tacking downwind from Lockhart’s comments and following the line extended from the Fed’s March policy statement, Yellen reinforced…
