We have a little game we like to play, well, Kai likes to play, called: What is Janet Yellen thinking — in five words?
We will find out when she testifies before the House Financial Services Committee tomorrow, but for now, here’s what several economists had to say:
“Did I make a mistake” in raising rates? — Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. (His answer, which he also thinks is Yellen’s answer, fyi, is “I don’t think so.”)