A Singular Viewpoint

A Singular Viewpoint

Global Overview April 14, 2016

John Hsu 0 1092


After struggling for most of President Obama’s two term presidency, the US economy has found its footing – albeit an anemic one – after such a long struggle. So therefore, in a global context this is truly a case of, “In the land of the blind, the one-eyed man is king.” However, many issues still confront the US economy, especially during this presidential election year. Clearly, Chairperson Yellen has been caught in a bind. With perfect 20/20 hindsight she should have pulled the trigger on normalizing interest rates much earlier in 2015. Nevertheless, there were numerous reasons as to why she did not. Uncertainties about the US economy prevailed until December of last year when she finally pulled the trigger and implemented a strategy to normalize interest rates.  Whether this was too early or too late she now has to publicly scale back the four rate hikes for 2016.