Research Focal Points: The Fed’s Interest Rate Glide Path

The Fed’s Janet Yellen delivered her semi-annual testimony this week with a hawkish tone, signaling that rates need to “normalize” sooner rather than later. The Fed’s timetable is certainly not carved in stone. Yellen explained that the Fed is prepared to take their first step towards policy normalization, “…at some point during 2015”. The Sep … Read moreResearch Focal Points: The Fed’s Interest Rate Glide Path