Controversy. First, we start with janet yellen. Steve liesman is on the ground where it all took place in jackson hole, wyoming. Steve, she . Well, she was clear i thought this her keynote speech here at the meeting that rates will likely rise soon. Heres from the speech quote in light of continued solid performance of the labor market and our outlook for Economic Activity and inflation, i believe the case for an increase in the federal funds rate has strengthened in recent months. That means its coming, but was unclear about when the fed might hike, but later, i asked the vice chair, sfan fisher, if a rate hike was possible in september and maybe one this year. I think what the chair said today was consistent with answering yes to both of your questions, but these are not things we know until we see the data. People people get upset about ut saying were data driven and i see criticisms of data driven. I dont know what the alternative is to a coin . So, his comments prompted reversal i
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