When Yellen Gets Less Predictable She’s Getting Back to Normal
Will Fed Stop Being `Patient’ on Way to Old Normal?
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Janet Yellen wants to be less predictable, if only a little.
Should the Federal Reserve this week jettison a promise to remain “patient” about raising interest rates, as anticipated by economists, the omission will mark the end of an era in Fed communications policy and could usher in a period of greater market volatility.