The WTF moment has arrived: the moment when the Chair of the "independent" Fed tells an audience of Democrats, away from the public, just what her plans for monetary policy are in private:
- YELLEN TOLD DEMOCRATS NO RATE INCREASE `IMMEDIATELY': SCHUMER
We knew some Fed member would speak today to boost stocks but had no idea it would be Yellen herself.
We are confident the SEC will go after all the democrats who bought stocks when this Yellen statement was made in confidence, prior to Schumer making it part of the public domain.
And a follow up question: what time did Senator Schumer advise his campaign donors, shown below, first of what he had just learned from the Fed Chairmanwoman?