The Fed has already achieved its objective of escaping 0 percent
Now the goal is to avoid recession.
As Janet Yellen readies for her departure from the Federal Reserve, a sentiment creeping into markets that the era of “easy money” is over—as if somehow the Yellen Fed was the root of all easiness.
Yellen’s Fed was the first in recent history to oversee only rate increases—and not encounter a recession.
At the very least, she deserves to be remembered as someone who did a…