Senate drops the ball on Fed's Janet Yellen

From Nouriel Roubini: ten quick tweets on all those questions that ill-briefed senators were “too naive” to ask Janet Yellen, at her Fed hearings. All we got was muddle, posturing, and bluster, illuminating nothing much. The hearings were like many bad press conferences I have covered as a hack, mostly a spectacle of journalists trying […]

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Yellen to defend Fed's ultra-easy monetary policy

(Reuters) – Janet Yellen, President Barack Obama’s nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank’s aggressive monetary easing before a Senate panel that includes some tough Republican critics. At a Senate Banking Committee hearing on her nomination to be the first woman to run the nation’s central […]

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Rejoice: the Yellen Fed will print money forever to create jobs

“The Fed will be looser for longer. The FOMC will continue to print money until the US economy creates enough jobs to reignite wage pressures and inflation, regardless of asset bubbles, or collateral damage along the way. No Fed chief in history has been better qualified. She is a glaring contrast to Alan Greenspan, a […]

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Rogoff: Next Fed Chief Must Have 'Tolerance for Inflation'

“The economist whose research foreshadowed the unusually long slog back from the 2008 financial crash is calling for the unlikeliest kind of central banker to lead the Federal Reserve: one who welcomes some inflation. Harvard University Professor Kenneth Rogoff, whose influential 1985 paper endorsed central bankers focused more on securing low inflation than on spurring […]

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Marc Faber: The Fed Will Increase QE

“Marc Faber was characteristically pessimistic during his interview with Sprott Money late last month. “I don’t think they will end QE. I rather think they will have to increase it, because as you print money or as you purchase assets, from a central banking point of view, it loses its impact over time. In order […]

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