Janet Yellen A Cog In The Easy Money Wheel

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 0

janet yellen With the the likely appointment of Janet Yellen to Vice Chairwoman of the Fed, don’t expect the easy money policy to grind to a halt.  In fact, Janet “easy money” Yellen is more dovish than Kohn and another cog in the easy money wheel.  She supports extremely low rates to keep this economy artificially inflating.  In February, she commented on the economy saying  that while the economic tide appears to have turned and recovery is well under way, “the economy faces a long period of subpar growth, high unemployment and downward inflation pressure, and so it will continue to need “extraordinarily low interest rates.”  Let the good times roll.

The news has certainly helped pressure the dollar in the last couple days, but the dollar remains bullish for now and just consolidating recent gains.

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