Gold Surges To 4-Month Highs, page-338

financial conditions in the United States have recently become less supportive of growth, with declines in broad measures of equity prices, higher borrowing rates for riskier borrowers, and a further appreciation of the dollar. In the fourth quarter of last year, growth in the gross domestic product is reported to have slowed more sharply, to an annual rate of just 3/4 percent; again, growth was held back by weak net exports as well as by a negative contribution from inventory investment.”
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"Recently" these educated idiots were hellbent on raising rates because economic conditions compelled them to.
If one really sifted through JY's BS ,it was an exasperated attempt to put their own credibility ahead of the market.
Proof of that being abject failure is the global market since that day and ignoring real facts and believing their own
propaganda has now mastisized into the market "owning" the FED.
Talking in cryptic code (Mr McGoo style) just don't work no mo'.
End the FED.Let get back to real market forces dictating policy.Bailing = Failing.
Profits to all.BMD