Fed’s Yellen wants gradual rise in interest rates, but that will not stave off the coming disaster

Janet Yellen, Federal Reserve Chair COGwriter The chair of the US Federal Reserve made several public comments today: November 4, 2015 Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate “liftoff” but said rates would rise only slowly from then on to nurture the U.S. economic recovery. … Her remarks [...]