Cartoon of the Day: Cuckoo Fed?

Cartoon of the Day: Cuckoo Fed? - Fed cartoon 06.11.2015

Below is an excerpt from today's Morning Newsletter by CEO Keith McCullough:

...While Yellen isn’t married to Bernanke, she is wed to the policy expectations framework he created. While anything is possible when it comes to un-elected decision making on interest rates, I highly doubt she raises rates for the sake of the apologists.

 

Apologists? Yes. As in the every-other-meeting I’ve been in this week where a sophisticated Institutional Investor asks me “isn’t it just time she raises rates?” I promptly say no. Raising rates into a slowdown could easily perpetuate the next US recession.