The semi-annual testimony before the US Congress last week by the chair of the Federal Reserve Janet Yellen implicitly raised the question of what constituted...

John Robertson

PortfolioDirect

The semi-annual testimony before the US Congress last week by the chair of the Federal Reserve Janet Yellen implicitly raised the question of what constituted normal economic conditions before ducking the issue entirely. The desired tempo of future interest rate rises will depend on whether history is taken as a guide to the future or whether structural changes are seen to have altered the likely range of US growth and inflation outcomes. Once we get past the anxiety of the first rise in interest rates for the cycle, answers to these dilemmas will have to be found before sensible decision making can follow. (VIEW LINK)


John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.