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Federal Reserve Chairwoman Janet Yellen topped the news this week because of the FOMC's Wednesday press conference – but she didn't actually say anything…
"Everything about nothing – and made it look like Alan Greenspan spoke succinctly," Money Morning Chief Investment Strategist Keith Fitz-Gerald said to CNBC Asia's "Street Signs" program yesterday (Thursday).
Meanwhile, the markets went wild Wednesday trying to parse Yellen's remarks and the language of the policy statement from the latest FOMC meeting.
Yellen's word games mess with how markets are supposed to operate. It leaves investors guessing about what's ahead.
Here's some clarity:
Some Friendly Advice for Janet Yellen: The bad behavior of Too Big to Fail Banks proves that a criminal culture pervades these institutions. But in response to a question this week, Fed Chair Janet Yellen basically said it was not the Fed's job to try to change this culture. But the truth is, Yellen could change big bank culture with a single stroke of her pen…