Janet Yellen warns of Brexit hit to US economy..*yawn

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http://www.bbc.com/news/business-36463819

Federal Reserve chair Janet Yellen said a UK vote to leave the European Union could have “significant economic repercussions”.

In a speech on Monday, she said a Brexit was one factor that the central bank would consider when deciding whether to raise interest rates.

The Fed next meets on 14-15 June.

Ms Yellen said “positive economic forces have outweighed the negative” – her strongest indication yet that the Fed will raise rates this summer.

“If incoming data are consistent with labour market conditions strengthening and inflation making progress toward our 2% objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate,” she said.

The Fed raised interest rates by 0.25 percentage points for the first time in nine years last December and has left them unchanged since.

It had been widely expected to raise interest rates over the summer, but poor job creation figures for May diminished those expectations.

The US labour market added just 38,000 jobs last month – the fewest since September 2010.

Ms Yellen said the May job data was disappointing, but that it was outweighed by mostly positive trends.

“I see good reasons to expect that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones. As a result, I expect the economic expansion to continue, with the labour market improving further and GDP growing moderately,” she said.

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the campaign of fear keeps going..this time its clan of berg member janet yellen warning that the sky will fall in if the uk leaves the EU..bring this vote on i say..i want to see the globalists squirm..

401

~ by seeker401 on June 8, 2016.

4 Responses to “Janet Yellen warns of Brexit hit to US economy..*yawn”

  1. They must have really backed themselves into a corner this time with their greed, or they’re waiting for the perfect alignment and hoping like hell they sacrificed enough sheep and drew enough ‘magical energy’ that the people of the globe don’t come after their pathetic arses when they destroy the lives of so many!

  2. The EU we are told is a “trade” agreement – if we left not a single trade deal would be affected .
    But it really is a political deal for nation NO2 under ONE president in the NWO 10 supernations masterplan .
    They will fiddle the voting machines no problem – it is a staged play so that
    after they “win” they can finally come down hard on all opposition .

  3. Of course Yellen is speaking out against Brexit, the more political/economic “unions” they can talk nations into, the more absolute power the central banking cartel has to enslave the globe.
    All any voter in the UK has to do is ask themselves if things were better before the EU than they are now. If the answer is that the EU either made things worse or had no affect at all, then why keep it? The EU places a lot of political burdens on the UK, if there is no apparent benefit for the citizens of the UK to bear those burdens, then why accept them? Are you not supposed to be compensated for bearing the burdens of others? Or do you always slave away for nothing?
    As for interest rates and jobs…EVERYONE in the US is well aware the administration’s job numbers are a clownish joke, we literally laugh at the administration every time they puke them up. Those numbers are cooked so hard they smell like bacon.
    And the interest rate game is simple…announce little to no interest rate hikes, and the markets fly…why?…because Wall Street is no longer connected to the health of Main Street sales, it is dependent on the increase of debt, borrowed money both public & private. Just look at the national debt levels of all governments across the globe, as well as the debt levels of the companies that make up Wall Street, and you’ll easily see where market “growth” is coming from. Raise interest rates, and you make the accumulation of those ever-burgeoning debt levels much harder to service, shutting off the money spigot that keeps Wall Street afloat.

    Raise rates, and you may trigger the much-feared-yet-inevitable correction that crashes it all…keep money cheap & easy to borrow, and the rotating debt-flow will maintain stock prices and dividends…at least, until the interest levels, even at these artificially low rates, become impossible to service. Then it all comes crashing down, anyway.

    • Raise interest rates, and you make the accumulation of those ever-burgeoning debt levels much harder to service, shutting off the money spigot that keeps Wall Street afloat.

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