May 26/15 – The surprise from Yellen’s Friday speech

On Friday Fed Chairwoman Janet Yellen gave a speech in Rhode Island. Although it would be foolish to expect any change in policy at this sort of speech, it was still a chance to gain a better understanding at how Yellen sees the economy unfolding. As I listened to the speech, a moment of dread for my long US dollar position immediately overcame me as Ye…