HALISTER1: Yellen Remarks Seem ‘Aimed Squarely at Republicans’: CIBC

Yellen Remarks Seem ‘Aimed Squarely at Republicans’: CIBC

(Bloomberg) -- Yellen speech appears directed at Republicans in Congress and White House who are trying to push back against regulatory tightening instituted after the financial crisis, CIBC economist Avery Shenfeld writes in note.
  • Remarks mirror a recent speech by Fed Vice Chair Fischer “but might not help her odds of being nominated (and approved by a GOP Senate) for another term”
  • “Everyone understood the risk was towards a hawkish speech beforehand,” Bipan Rai, FX and macro strategist at CIBC, said in a separate email. “However, the lack of content on monetary policy is being interpreted as dovish”
To contact the reporters on this story: Alexandria Arnold in Seattle at abaca3@bloomberg.net; Lananh Nguyen in New York at lnguyen35@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Jenny Paris

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Avery Shenfeld (Canadian Imperial Bank of Commerce/Canada)
Bipan Rai (Canadian Imperial Bank of Commerce/Canada)

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