Jester,

As usual, you're right that when we get to 'there', every prediction or intention is never what was said. I saw Yellen's press conference on the Fed meeting, and she winked (or was that 'blinked'?) so many times with caveats, ifs, buts, contingencies, etc. that she looked like she was having an epileptic fit. As with most things, this kind of disinformation is not worth much. It may be that the 'show' is kept alive until she leaves office. One of the caveats, IIRC, was when the inflation goal of 2% was there or close to it. Given the anemic signs of inflation pressure, how long before we're 'there'?