MBS Day Ahead: Parent Teacher Conference with Yellen; Greece Turns in Homework

By Matthew Graham

Posted To: MBS Commentary

The Fed Chair’s semi-annual congressional testimonies are always a hoot. That’s where we get to see a delightful mix of politicians read what some might describe as ‘questions’ for Janet Yellen. Poor Janet… So few of these politicians end up asking relevant questions. Some are well-meaning, but bespeak a tremendous ignorance of the economy, financial system, and/or the Fed’s role therein. Others are downright shameful–blatant political posturing with almost no regard for logic, propriety, courtesy, civic duty, and in rare cases, personal hygiene. OK, I can’t confirm the last one, but you get the idea. It’s awful. Watch it live if you don’t believe me. I can assure you there will be a real-time play-by-play assessment on MBS Live (in addition to the live feed…(read more)

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