“FED STRIVES FOR A CLEAR SIGNAL ON INTEREST RATES” (October 27, 2015)

Thus The Wall Street Journal today. “As 2016 approaches, pressure is on the central bank and Janet Yellen to better manage expectations for rates and the US economy,” elaborates the newspaper. I almost laughed when I read this funny title and byline. Is this for real? Or is the newspaper barking up the wrong tree? Well, I cannot imagine that anyone writing for it expects clearer signal from the Fed at this juncture. When will the prime rate of interest increase and by how much will remain one of the greatest puzzles for the business community in the years to come. If Yellen ever learns how to better manage expectations, it will be in terms of better manipulation of all and sundry rather than greater clarity. She is still kind of new at the helm of the Fed, but she will surely get craftier as time goes by. This may calm down some people, but it will not change the underlying uncertainty an iota. As for the newspaper of great renown, funny articles like this one should be toned down. Why add to the misery of the business community in dire times?