Fed market gurus prep rate hike amid last-minute anxieties

(Reuters) - The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it

http://finance.yahoo.com/news/fed-market-gurus-prep-rate-181112370.html?l=1

 

More cronyism at the Fed Cartel.

I thought the Federal Reserve was independent? Subject matter experts?

The article should read more about the Fed meeting with it's bosses to ask permission.

 

So how do we play an environment of rising interest rates?
Long USD?

 

Against an environment when most CBs are easing and some doing QE? Yeah. Though the train is crowded at the moment and needs a correction.