President of the St. Louis Fed, James Bullard, knocked the market on the chin a bit yesterday by saying that rates would be going up by March. It’s certainly about time they did. Savers and retirees have been bearing the brunt of the nation’s attempt to use misguided monetary policy to generate growth for too long. As Bloomberg notes here, Bullard’s statements contradict Fed Chair Janet Yellen’s statements somewhat, adding uncertainty to the market.
St. Louis Federal Reserve Bank President James Bullard