Dec 17/15 – Yellen’s dovish reputation is undeserved…

This past summer, Christine Lagarde`s IMF urged the Federal Reserve not to tighten until 2016. At the time, I felt her public stance was counter productive. The last thing the Fed wants is to be seen taking orders from the IMF. Yet Lagarde’s public statements continually warned of the dangers from a tighter Federal Reserve:

IMF Managing Director Christin…