Janet Yellen took the podium at a press conference yesterday, where she said that interest rates could increase six months after the Fed finishes tapering down its quantitative easing program. At the current tapering rate, that would mean increased interest rates in early-to-mid 2015. The market promptly fell 1.3% on the news.
In today's installment of Investor Beat, host Alison Southwick and Motley Fool analyst Tim Hanson break down the press conference and the reaction, and discuss why this is all likely more market madness, that long-term Foolish investors can safely ignore.
