Request any song you want for FREE! All songs requested will be tuned to a 432 Hz frequency.

Request Now

TETELESTAI | 1-800 Numbers

This is where the 800#'s will be listed which will be included in the TETELESTAI post once published.

(Note: The TETELESTAI post is the official "Go" for redemption/exchange. Despite Yosef's departure, it will still be sent out for publication when the time comes.)

Guest Posting Now Available

Dinar Chronicles is now allowing viewers to guest post. If you wish to speak your mind and write a post/article about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to KillerZetzz.guestpost@blogger.com with these following rules.

The subject of your email entry should be: "(Title of your post)" - Guest Post by (name) OR Anonymous Guest Post

- Proper grammar
- No foul language (not strictly followed)
- No bashing of others
- Solely write intel, rumors, news, thoughts regarding Dinarland, Iraq, the RV, the GCR and anything that is relating
- Your signature/name/username at the end

If your guest post fails to send to the above email address due to a "captcha" error -- that means the daily limit has not reset yet. It resets every 24 hours. If this is the case then please send it to UniversalOm432Hz@gmail.com so that it will be posted manually.

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Friday, August 26, 2016

Janet Yellen Signals Stronger Case for Interest-rate Increase

Fed Chairwoman Janet Yellen Sees Stronger Case for Interest-Rate Increase
Central banker said, ‘I believe the case for an increase in the federal funds rate has strengthened in recent months’





Janet Yellen, center, greeted an attendee as she arrived for a dinner at the Jackson Hole economic symposium in Wyoming on Thursday. PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS

By JON HILSENRATH and HARRIET TORRY

Updated Aug. 26, 2016 10:17 a.m. ET

JACKSON HOLE, WYO.—Federal Reserve Chairwoman Janet Yellen signaled growing conviction that the central bank will raise short-term interest rates in the weeks or months ahead.

“In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Ms. Yellen said in remarks prepared for delivery here.

The remarks left the door open for a Fed rate increase at its Sept. 20-21 policy meeting, but the chairwoman hedged her comments in ways that give the central bank an out if economic data disappoint in the next few weeks. Most important, the Fed’s decision appears to hinge on whether the Labor Department’s Sept. 2 jobs report shows steady gains in hiring.

“Our decisions always depend on the degree to which incoming data continues to confirm the [Fed’s] outlook,” she said. If the Fed doesn’t move in September, it has two more meetings this year, one in November just before U.S. elections and another in December. Her comments suggest she expects a move at one of these meetings if a September move doesn’t happen.

The Fed pushed rates to near zero in December 2008, kept them there for seven years and then nudged them up a quarter percentage point last December. Officials began the year expecting to raise rates four times in quarter-point increments but have delayed moving them because economic growth disappointed in the first half of the year and because they were uncertain about developments overseas and about the strength of the U.S. job market after some soft reports.

Ms. Yellen said her worries had dissipated.

“While economic growth has not been rapid, it has been sufficient to generate further improvement in the labor market,” Ms. Yellen said. Broad measures of labor market slack are improving, even though the unemployment rate has been steady most of the year near 5%, she added.

The Fed leader suggested that internal forecasts for the outlook have been steady since officials at the central bank last wrote down their projections for growth, unemployment and inflation. The evolution of these forecasts helps drive Fed decisions about rates. If the forecasts were deteriorating, the Fed would be more likely to stand pat on rates or to look for new ways to support growth.

“The [Fed] expects moderate growth in real gross domestic product, additional strengthening in the labor market, and inflation rising to 2% over the next few years,” Ms. Yellen said. “Based on this economic outlook, the [Fed] continues to anticipate gradual increases in the federal funds rate will be appropriate over time.”

The Fed leader sought to place new emphasis on her own uncertainty about the longer-run outlook for rates.

Fed officials make projections every three months about where they expect short-term rates to be at year-end. As of June, for example, the median estimate among them for the federal-funds rate at the end of 2017 was 1.625% and the median estimate for 2018 was 2.375%.

Instead of focusing on these point estimates, Ms. Yellen highlighted the range of possibilities for rates in the years ahead, noting there is a 70% probability rates could be between zero and 3.25% at the end of 2017 and between zero and 4.25% at the end of 2018.

“The reason for the wide range is that the economy is frequently buffeted by shocks and thus rarely evolves as predicted,” she said.

She dedicated much of her talk to examining how the Fed might behave in future downturns.

Traditionally, the Fed cuts rates in a downturn to spur borrowing, investing and spending. With rates so low, the Fed has little room to cut them if the economy sinks now.

Ms. Yellen said the Fed in some hypothetical future downturn might need to return to tools used in the recent past—purchases of bonds to bring down long-term interest rates and promises of low rates far into the future. Other tools developed by the Fed—including payments it makes to banks on the reserves they deposit with the central bank—could be another long-run feature of Fed policy.

Write to Jon Hilsenrath at jon.hilsenrath@wsj.com and Harriet Torry at harriet.torry@wsj.com


Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More