She doesn’t work there anymore.
Said the Keynesian interventionst...
She’s gone already. I didn’t think so either.
He doesn’t know what he’s doing.
Couldn’t even build a 12 billion dollar empire on his own.
The fed is a corporation. Their goal is profit. Those other things are simply a side effect.
he’s doing something right.....
When the Fed causes a recession, Trump knows he’ll get the blame.
The Fed’s current manipulation of interest rates is hurting trade policy and causing us to pay more interest on Obama’s debt.
Yelled a still, this was another paid political hit piece.
What would happen if the Fed were to disappear?
I know that interest rates used to be at 6% and above, but going from a straight 0% policy during O to a 3.5% in three years really isn’t helping the housing sector.
Care to comment on Obama’s or Carter’s understanding? The latter gave us a 21% prime interest rate and the former a negative growth rate.
” maximum employment and price stability”
Neither of which has been achieved in the long run of the Fed.
Price stability? Inflation since enactment is what since 1913? 2400% or there abouts according to inflation calculator.com
Just since 2000 it’s been 46% - HOW IS THAT PRICE STABILITY?
Max employment? Best it has been in the last 50 years is NOW. So is she saying that’s wrong?
FED has not met any of it’s mandates other then bleeding this country.
Those are goals, not policy. AND, they have never been attained.
The Fed needs to go.
/Creature from Jekyl Island..
Former.
FORMER.
FORMER
FORMER
FORMER
FORMER
FORMER
FORMER
FORMER
FORMER
The problem with deep state policy workers like Yellen who have never produced anything useful is that they don’t understand that economic productivity can be measured - to what extent are you providing goods and service for the good of all - as measured through free market transactions.
Execution of social policies to redistribute goods and cut into productivity may generate GDP numberrs, but it doesn’t generate wealth except for a some layabouts and a few privileged cronies.
We never needed the blood sucking, thieving, parasites.
fascinating that she failed to quote the Fed’s official policy goals accurately (fully).
The fed’s official policy goals (they have 3 of them) are:
maximum sustainable employment, stable prices, and moderate long-term interest rates.
So a guy worth $10 billion with a giant network of properties knows less then an obscure flunky who wandered around third rate banks all her life filling out forms?
Riiiiight...
“Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve’s mandates.”
So I guess 0% interest rates for Obama for years and the best he could do was create a bunch of minimum wage jobs was otay. He really understood economics didn’t he?