The Hidden Messaging Behind FOMC Announcements

The FOMC announcements from Fed Chair Janet Yellen are like Jerry Seinfeld episodes. It's a show about nothing. Her long-winded transparencies could be summed up by, "we're not raising interest rates until further notice."

The underlying message should be "We want to hike rates, but we can't because the debt servicing costs would be out of control. But we can't tell you that because markets would collapse. So, QE to infinity, bitchez!"