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HomeJanet Yellen “Will Spot Asset Bubbles Before They Burst.” Can She Also Walk on Water and Cure Aging?
Posted by Larry Doyle on February 4th, 2014 9:42 AM |
Do you ever get incoming e-mails that just leave you scratching your head and thinking, “Are you kidding me?”
I am going to guess that we all do and most would typically delete them in short order. I almost did that late yesterday when I saw an incoming message informing me that Janet Yellen, the new head of the Federal Reserve, possessed powers and vision that some might define as otherworldly. Let’s navigate as the Cornell University Media Relations Office released the following:
Robert C. Hockett, former Resident Consultant for the Federal Reserve Board, international finance expert and professor of Law at Cornell University, discusses how Janet Yellen will usher in a new era of a proactive Fed. (more…)
Janet Yellen: The Wrong Choice
Posted by Larry Doyle on October 9th, 2013 9:03 AM |
President Obama is widely expected to announce this afternoon that he is nominating Fed governor Janet Yellen as the next chairman of the Federal Reserve, the most powerful institution in the world.
I am sure Yellen’s nomination will receive the standard praiseworthy platitudes from a wide array of sycophants deeply embedded in the system.
For those pleasantly hoodwinked by the charades masquerading as our current central bank policy, a Yellen-led Federal Reserve should look just divine. Meanwhile those watching closely would call her style of central banking little more than smoke and mirrors.
The WSJ is more deferential and asserts this morning:
