Emerging Market Currencies Have Best Month In 18 Years As Yellen Buoys Sentiment
Herding cats is a notoriously difficult task, but Janet Yellen served notice on Tuesday that no matter what emanates from other members of the US monetary politburo, there’s only one house view and that’s her’s. “As she spoke, I couldn’t help picturing a mother lion swatting her misbehaving cubs back into line,” Bloomberg’s Richard Breslow wrote this morning.
While there’s something disturbing about picturing the “diminutive” Fed chair as a “mother lion,” the analogy seems apt.