"All meetings are live"
Speaking on CNBC.
- Looks at the path of interest rates. Thinks that path is to higher rates
- Does not mean every meeting is a hike
- Fed perhaps not communicating as well as it could
- Economy is still on track for pickup growth, inflation rising and employment falling
- Appropriate to raise rates but not giving an exact number
- There is a potential for instability in environment for potential bubbles.
- Not saying there is a bubble in the stock market
- Commercial real estate is a little bit frothy, but not an imminent problem
She was very cautious in her thoughts on rates and when the Fed might look to raise rates, but that does not mean they will do it in September or at any meeting. She in effect rules out cutting rates, recognizes a hike or nothing is the choice but not committing to anything until the meetings and the discussions.
