Keyword: janetyellen

Brevity: Headers | « Text »
  • The most powerful woman in the world without an army

    12/19/2014 10:15:08 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 12/19/2014 | James Longstreet
    The most powerful woman in the world, without an army, just propelled the Dow Jones to a two-day 700-point spike by saying “patience.”  Janet Yellen said the Federal Reserve, the quasi-agency that neither is “federal” nor has any “reserves," can be “patient” in their rate hikes in 2015. She was quick, and clumsy by other accounts, to confuse the rate hike issue, with language suggesting that it might not happen at all.  In the vein of the famous watering hole sign, “free beer tomorrow,” Yellen essentially gave the message that rates would go up in 2015, but they might...
  • Fed Chair Yellens assets up 8 percent during 2013

    08/28/2014 11:29:57 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 28, 2014 4:25 PM EDT | Martin Crutsinger
    Federal Reserve Chair Janet Yellens assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. Yellens biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million. Yellens assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million...
  • Don't Be Fooled: This Week's Economic Data Should Be Taken With a Large Grain of Salt!

    08/27/2014 7:39:47 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 27, 2014 | Donald Lambro
    WASHINGTON - A bunch of economic numbers from the government this week, which should be taken with a large grain of salt, were expected to show the economy was doing much better in the past three months. Well, we've seen these periodic, fragmentary numbers many times before, only to see the economy continue to slowly slog along at its painfully lackluster, jobs-challenged pace for the past six and a half years now. President Obama will recite the exaggerated economic numbers that his cherry-picking speech writers select to prove that he's brought the economy back from the bring of recession. But...
  • Janet Yellen is shocked that the Feds price models dont work

    04/27/2014 12:07:12 PM PDT · by Kaslin · 47 replies
    Townhall.com ^ | April 27, 2014 | Nick Sorrentino
    So are we. Just shocked. Hey, at least she said it publicly. Thats more than Mr. Bernanke ever did. Ms. Yellen says doesnt understand why inflation is running hotter in the US than her models say it should be and why it ran cooler in Japan recently than her models predicted. Models, its always the models with Keynesians. Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses. Ok thats a bit harsh but its not...
  • Both at Home and Abroad, Obamas Presidency is Floundering

    04/20/2014 8:40:44 AM PDT · by Cheerio · 41 replies
    Town Hall ^ | Apr 19, 2014 | Donald Lambro
    WASHINGTON -- Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more before the U.S. fully recovers from its recession. Ouch. If Yellen's forecast proves right, this means it will have taken Obama's administration nearly eight years to lift our economy out of its long and painful lethargy.
  • First Fire Sebelius, Now (Forcibly) Retire Who Else?

    04/18/2014 4:25:49 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 18, 2014 | John Ransom
    Well I can say this much for Janet Yellen, she sure learned how to jawbone the market, a skill that was notably lacking in her predecessor Ben Bernancke. On Wednesday the market gapped open, only to follow a recent pattern of the gap gains eroding. But then Janet stepped in. In a speech to the Economic club of New York, Yellen acknowledged that while the economy has made some strides towards recovery the jobs market is at least, if not more than, two years away from healing. That means that stock market types, whatever else may be happening on...
  • Yellen signals more aggressive stance toward banks

    04/15/2014 1:03:06 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Apr. 15, 2014 2:53 PM EDT | Martin Crutsinger
    The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system. She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also need to meet tougher rules, she said. Such firms range from money market mutual funds to private equity and hedge funds.
  • Yellen's Low-flation Nonsense

    04/12/2014 9:22:34 AM PDT · by Kaslin · 22 replies
    Townhall.com ^ | April 12, 2014 | Larry Kudlow
    Will somebody please explain to me how rising inflation is somehow going to extricate us from the tepid economic recovery? I don't get it. It used to be hypothesized that low inflation was the key to high economic growth. For everybody in the economy, low inflation was a tax cut. Conversely, rapidly rising prices were thought to penalize the economy by placing a tax-hike effect on investors, businesses, and families. It was this logic that spurred Paul Volcker (especially) and then Alan Greenspan to labor mightily in the 1980s and 1990s to bring inflation down. The Fed's favorite inflation...
  • Stop Eating Meat and Cheese

    04/02/2014 11:59:15 AM PDT · by PaulCruz2016 · 109 replies
    The New York Times ^ | 04-01-2014 | Fredrik Hedenus
    <p>To avoid dangerous climate change and limit global warming to below 3.6 degrees Fahrenheit above the level of preindustrial times a target endorsed by the international community and the United States global greenhouse gas emissions need to be reduced by 80 to 90 percent by the second half of this century. But even eliminating all carbon dioxide emissions from the energy and transportation sectors may not be enough to reach that target because greenhouse gases from food and agriculture, mainly nitrous oxide from agricultural soils and methane from livestock, will be too large.</p>
  • Sarah Palin is Right: Obamacare Death Panel Real; Disguised as the Democrat Senatorial Campaign Comm

    04/02/2014 6:26:20 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 2, 2014 | John Ransom
    Turns out Sarah Palin was right. Obamacare does have Death Panels, and they are currently disguised as the Democrat Senatorial Campaign Committee and the Democrat Congressional Campaign Committee. In this week when Obamacare finally turns one day old, the political problems that our economic recovery face have never been on better display. While the stock market makes new highs, even the Fed is acknowledging that this recovery is different. And because its different, Wall Street is winning and Main Street is losing. Although we work through financial markets, our goal is to help Main Street, not Wall Street, said...
  • Yellens Real-Life Examples of Unemployed Omit Criminal Records

    04/01/2014 11:26:06 AM PDT · by reaganaut1 · 5 replies
    Bloomberg | April 1, 2014 | Lorraine Woellert
    No Bloomberg excerpts allowed, story here.
  • Illinois: How will we fix our budget problems? Lets tax millionaires!

    03/21/2014 2:12:17 PM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 03/21/2014 | Bruce McQuain
    This worked so well for France that Belgium had a real estate boom with the new tax on millionaires was announced. And New Jersey learned that millionaires have a tendency to leave when confronted with higher taxes. But Illinois? Well, per Michael Madigan, Speaker of the Illinois House of Representatives, Illinois is different: “Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” he said, according to the Tribune–a backhanded acknowledgement of how poorly the state is already doing.Madigan may also be encouraged by California’s example, where millionaires have largely...
  • Are Larry Page, Jerry Yang, and Larry Ellison pulling their philanthropic weight?

    03/21/2014 11:40:36 AM PDT · by Oldeconomybuyer · 17 replies
    San Francisco Chronicle ^ | March 21, 2014 | By Joe Garofoli
    We often write about the generosity of philanthropists. But what about rich folks who are giving but not really pulling their weight? Inside Philanthropys calls out some billionaires not because theyre not giving, but because theyre not giving ENOUGH based on how much cash theyve got stuffed in the mattress. While The Chronicle of Philanthropy annually drops its list of the top 50 donors, Inside Philanthropy took a different approach. Instead of just looking at how much an individual is giving away, IP is using relative generosity as our main criteria here, looking at what percentage of their wealth...
  • Bill Gates Is Half-Right about Tax Reform

    03/21/2014 11:30:11 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 21, 2014 | Daniel J. Mitchell
    I generally get very suspicious when rich people start pontificating on tax policy. People like Warren Buffett, for instance, sometimes advocate higher taxes because theyre trying to curry favor with the political elite. Or maybe they feel compelled to say silly things to demonstrate that they feel guilty about their wealth. Regardless, I dont like their policy proposal (as you can see from TV debates here and here). That being said, I also realize that stereotypes can be very unfair, so its important to judge each argument on the merits and not to reject an idea simply because it comes...
  • WaPo suffers self-inflicted wound in the war on the Koch brothers

    03/21/2014 11:09:07 AM PDT · by Starman417 · 18 replies
    Flopping Aces ^ | 03-21-14 | DrJohn
    It's become very obvious that Saul Alinsky continues to live on in the democrat party and among the decerebrate left. Rule 13 saysPick the target, freeze it, personalize it, and polarize it.The 2014 Democrat Party target is the Koch Brothers. Private citizens, they are the 2014 left wing whipping boys and the left has donned its asshats in unison. An article in the Washington Post screams: The biggest lease holder in Canadas oil sands isnt Exxon Mobil or Chevron. Its the Koch brothers. You might expect the biggest lease owner in Canada's oil sands, or tar sands, to be one...
  • In America, the 'wealthy poor' replace the middle class

    03/21/2014 1:21:34 PM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 03/21/2014 | Rick Newman
    One phenomenon of the modern economy is affluence that doesnt feel like it. You work, earn and spend quite a lot, yet it seems youre getting nowhere. Some new economic analysis helps quantify just how many people might be characterized as the wealthy poor and its a surprisingly large chunk of the overall population. A new paper by economists Greg Kaplan and Justin Weidner of Princeton University, and Giovanni Violante of New York University, finds that about 70 million Americans may live in families they describe as wealthy hand-to-mouth households. These are families that own assets such as homes, cars,...
  • Fed to Raise Interest Rates on Obama's Weak, Struggling and Jobless Economy

    03/21/2014 11:50:28 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | March 21, 2014 | Donald Lambro
    WASHINGTON - Federal Reserve Chairman Janet Yellen briefed the country Wednesday on the Fed's plans for the economy's problem-plagued recovery, sending Wall Street into a swoon. It was her first news conference as the new head of the nation's central bank, and though she was cautious in her remarks, she suggested that economic data has improved more than many people, and other economists, think. But it was the Fed's plans to start raising interest rates earlier than expected that came as an ice cold shower for the still- sluggish economy and for the stock market. Yellen's remarks, following a report...
  • Fed's Kocherlakota blasts new rate guidance

    03/21/2014 6:45:24 AM PDT · by Red in Blue PA · 7 replies
    WASHINGTON (Reuters) - The Federal Reserve should have promised to keep rates near zero until U.S. unemployment falls below 5.5 percent, as long as inflation and financial stability risks are contained, said the lone dissenter to the Fed's policy decision this week. By dropping the Fed's pledge to keep rates low until the jobless rate reaches a more healthy level, the U.S. central bank is sending the wrong message on both inflation and jobs, Minneapolis Federal Reserve Bank President Narayana Kocherlakota said in remarks released on Friday. On Wednesday the Fed, in its first policy-setting meeting under Fed Chair Janet...
  • Janet Yellen Punt Prompts Panic: Even a hint of a taper is enough to scare people.

    03/20/2014 6:45:59 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 03/20/2014 | Tim Cavanaugh
    The spring of 2014 has not yet begun, but a jittery Wall Street was spooked Wednesday by the prospect that interest rates might rise as soon as the spring of 2015. That was the immediate response to Federal Reserve chairwoman Janet Yellens first press conference since taking office. Yellens mere suggestion that the Fed might someday pursue a less inflationary policy has been blamed for a drop in the Dow Jones Industrial Average, and armchair central bankers are jumping on the rookie Fed chief for talking the market down. Fed may raise rates as soon as next spring, Yellen suggests:...
  • Fed may raise rates as soon as next spring, Yellen suggests

    03/19/2014 3:04:35 PM PDT · by Red in Blue PA · 25 replies
    WASHINGTON (Reuters) - The Federal Reserve will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later, Fed Chair Janet Yellen said on Wednesday. That's a somewhat more aggressive path toward higher rates than some investors had anticipated, and both U.S. stocks and bonds slumped. Futures traders now are pricing in a first rate hike as soon as April 2015. "She certainly moved (the timetable) up a little bit and I don't think the market was expecting that at all because she is widely viewed as being more on the...
  • Stocks slump on Janet Yellen's rate hike remark

    03/19/2014 2:39:18 PM PDT · by SeekAndFind · 12 replies
    CNN Money ^ | 03/19/2014
    Investors weren't too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed. The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower. Stocks were relatively stable as Yellen started her press conference. But the Dow fell as many as 180 points before recovering after she said the Fed's stimulus program would most likely be finished by the fall and that a rate hike could come as soon as early 2015. Prior to the press conference, the Fed said it will continue trimming, or tapering, its monthly...
  • Fed Tweaks Rate Guidance, Lessening Weight on Unemployment Rate

    03/19/2014 11:36:58 AM PDT · by BenLurkin · 7 replies
    WSJ ^ | March 19, 2014 2:30 p.m. ET | By Victoria McGrane And
    In regard to the so-called forward guidance on rates, the Fed has said since late 2012 that it wouldn't consider raising interest rates from near zero until the jobless rate fell to 6.5%, provided inflation looks likely to remain below 2.5%. In a new policy statement released Wednesday, the Fed dropped the reference to the 6.5% jobless rate, which officials have come to see as too limited an indicator of the labor market's health. Instead, the central bank said it would "assess progresstoward its objectives of maximum employment and 2% inflation" in deciding when to raise rates from near zero,...
  • NASWA down on unemployment insurance bill (Oh noooo! The Compromise!! Bipartisanship!!)

    03/19/2014 11:21:18 AM PDT · by cotton1706 · 2 replies
    politico.com ^ | 3/19/14 | Burgess Everett
    The Senates bipartisan unemployment insurance legislation may not be workable, according to a group of state unemployment insurance administrators. A five-month retroactive revival of unemployment insurance benefits that Senate negotiators touted last week would substantially increase the administrative burden on states if signed into law, according to a letter sent to Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) by the National Association of State Workforce Agencies. The bills provisions would cause considerable delays in the implementation of the program and increased administrative issues and costs. Some states have indicated they might decide such changes...
  • Fed Cuts Monthly Asset Purchases To $55 Billion Maintaining Taper Pace, Market Awaits Yellen Remarks

    03/19/2014 11:14:09 AM PDT · by John W · 16 replies
    forbes.com ^ | March 19, 2014 | Samantha Sharf
    In her first Federal Open Market Committee meeting as head of the Federal Reserve Janet Yellen made good on her promise of continuity, again cutting back the central banks asset purchases. On Wednesday, the FOMC announced a third $10 billion reduction in quantitative easing, reducing its monthly bond purchases to $55 billion and keeping with Fed watchers tapering exceptions. The Fed will cut monthly mortgage bond purchases to $25 billion from $30 billion. Treasury purchases will go from $35 billion to $30 billion.
  • Obama in Blunderland

    03/14/2014 11:09:37 AM PDT · by DanMiller · 3 replies
    Dan Miller's Blog ^ | March 14, 2014 | Dan Miller
    During her visit to Wonderland, Alice had odd reactions to the weird things she experienced. Is President Obama trying to best her?The critters Alice met and spoke with in Wonderland made no sense at all. Neither did her responses. For example, having invited herself to a tea party with the Mad Hatter, the March Hare and the Door Mouse, The Hatter [asked], `Why is a raven like a writing-desk?' `Come, we shall have some fun now!' thought Alice. `I'm glad they've begun asking riddles.--I believe I can guess that,' she added aloud. `Do you mean that you think you can...
  • Obama's rush to regulate [welding an anchor to the U.S. economy]

    02/24/2014 5:09:25 AM PST · by Cincinatus' Wife · 4 replies
    The Hill ^ | February 24, 2014 | Ben Goad
    President Obama has ordered his officials to step on the gas and clear as much of his regulatory agenda as possible during the twilight of his time in office. The clock is ticking, creating a sense of urgency in the administration to crank out his new rules without delay. Just a year into the presidents second term, experts and former administration officials say it is do-or-die time for scores of regulatory initiatives across the federal government that could shape his legacy. So Obama is spurring agencies on. He has directed his entire administration to move as quickly as possible in...
  • Half a million people in the air at any one time ( Where is the warming?)

    03/01/2014 5:44:51 PM PST · by Ernest_at_the_Beach · 10 replies
    joannenova.com.au ^ | February 27th, 2014 | Joanne
    Marvel at the science and engineering that keeps these planes flying, and remarkably safely:Planes in the sky with half a million people in the air at any one time | Guardian & Flightstats How many flights are in the air at once? NOAA estimates that 5,000 planes are in the sky over the United States. On any given day, more than 87,000 flights travel through US airspace globally estimates seem to be that there are around 8,000 13,000 though I didnt happen to find an authoritative source.This youtube shows the dots in motion: This youtube works better in a...
  • Fuel cells put in the frame with catalysts that need far less platinum

    03/01/2014 10:05:03 AM PST · by neverdem · 6 replies
    Chemistry World ^ | 28 February 2014 | Tim Wogan
    The platinum nanoframes have 22 times the sepcific catalytic activity of standard electrodes Science/AAASUS scientists have created an exceptional fuel cell catalyst that contains far less platinum conventional catalysts need 36 times more platinum to hit the same levels of activity. The manufacturing process, which was discovered by accident, uses simple techniques that the researchers believe can be easily scaled-up. The work could help to make fuel cells economically viable for applications such as cars as the precious metal makes up much of the cost of the cell.Fuel cells react hydrogen with oxygen to produce water, using the...
  • LIBERAL LIES ABOUT GLOBAL WARMING PUT A FACE ON NOAA WEATHER FORECASTERS

    02/27/2014 7:23:33 AM PST · by jmaroneps37 · 14 replies
    coachisright.com ^ | Feb. 27, 2014 | Kevin "Coach" Collins
    Every so often the faceless liberal lie machine is forced to reveal itself and a real person or organization has to stand by the fabricated science of the Al Gores of the world. The Climate Prediction Center of the National Oceanic and Atmospheric Administration (NOAA) has been forced into the sunlight and it has been made to look foolish because it believes Gore and his climate change charlatans. NOAAs prediction for November through January was that most of the continental United States would enjoy above normal temperatures. Why would they say otherwise when there is only emotion instead of science...
  • Fed Doesn't Have Authority to Regulate Bitcoin, Yellen Says

    02/27/2014 5:05:15 PM PST · by 2ndDivisionVet · 16 replies
    National Journal ^ | February 27, 2013 | Catherine Hollander
    The Federal Reserve Board doesn't have the authority to regulate bitcoin, Fed Chair Janet Yellen said Thursday. "To the best of my knowledge, there's no intersection at all in any way between bitcoin and banks the Federal Reserve has the ability to supervise or regulate," Yellen told members of the Senate Banking Committee. "The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way." Yellen was responding to questioning from Sen. Joe Manchin, D-W.Va., who sent the Fed and other banking regulators a letter on Wednesday calling on them to banor at least curbthe decentralized,...
  • Weather seems to blame for U.S. slowdown, Fed's Yellen says

    02/27/2014 5:09:11 PM PST · by Oldeconomybuyer · 30 replies
    Reuters ^ | February 27, 2014 | BY JONATHAN SPICER AND KRISTA HUGHES
    Unusually harsh winter weather appears to be behind recent signs of weakness in the U.S. economy, Federal Reserve Chair Janet Yellen said on Thursday, suggesting the central bank was poised to press forward in ratcheting back its stimulus. Testifying to the Senate Banking Committee, Yellen said the Fed would watch carefully to ensure weather was indeed the culprit, but she reiterated that it would take a "significant change" to the economy's prospects for the Fed to put plans to wind down its bond-buying program on hold.
  • No Janet Yellen, The Economy Is NOT Getting Better

    02/12/2014 10:01:34 AM PST · by SeekAndFind · 14 replies
    TEC ^ | 02/12/2014 | Michael Snyder
    On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that "the economic recovery gained greater traction in the second half of last year" and that "substantial progress has been made in restoring the economy to health". This resulted in glowing headlines throughout the mainstream media such as this one from USA Today: "Yellen: Economy is improving at moderate pace". Sadly, tens of millions of Americans are going to believe what the mainstream media is telling them. But it isn't the truth. As you will see below, there are all sorts of signs that the economy...
  • Senate confirms Yellen to chair Federal Reserve

    01/06/2014 4:15:59 PM PST · by markomalley · 19 replies
    AP ^ | 1/6/2014 | ALAN FRAM
    The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank's efforts to spur the economy with low interest rates and massive bond purchases. Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as chairman for eight years dominated by the Great Recession and the Fed's efforts to combat it. Senators confirmed her by 56-26, with numerous absences caused by airline flight delays forced by arctic temperatures around much of the country. All 45 voting Democrats were joined by...
  • Obama: Yellen a fierce champion for Americans

    01/06/2014 5:00:07 PM PST · by Olog-hai · 26 replies
    Associated Press ^ | Jan 6, 2014 6:49 PM EST
    President Barack Obama is hailing the confirmation of Janet Yellen as chair of the Federal Reserve. He says she will be a fierce champion for the American people. The Senate on Monday voted 56-26 to confirm her, with several senators absent due to flight delays.
  • Measuring Misery: The Dollar & New FED Chair Janet Yellen

    11/25/2013 6:19:15 AM PST · by IbJensen · 5 replies
    DC Clothesline ^ | 11/24/2013 | Michael Anthony Peroutka
    Did you realize that if you have a dollar bill in your pocket, you actually have a fairly reliable standard of measurement? You see the long side of a dollar bill laid flat on a surface, measures exactly six inches long. Practically speaking, this means that if you have a dollar in your pocket you have a very reliable six-inch ruler at your disposal. Regrettably, what you dont have at your disposal is a dollar. You see, as a standard of linear measurement, the dollar bill might be a reliable tool, but as a measure of wealth the dollar bill...
  • Janet Yellen And The Fed Caught In a Bear (Liquidity) Trap And Why Interest Rates Will Remain Low

    11/24/2013 10:04:06 AM PST · by whitedog57 · 30 replies
    Confounded Interest ^ | 11/24/2013 | Anthony B. Sanders
    The recent confusion from The Fed over the future of quantitative easing (or money printing) can be addressed with a few charts. Here is a chart of real GDP growth PER CAPITA since 1960. Real, of course, indicates that it is Gross Domestic Product adjusted for inflation. Note that Q1 1984 was the peak of real GDP growth and it has been a steady decline since then. realgdppercap I added the S&P 500 index to the real GDP per capita chart and you can see that the S&P 500 index spikes when real GDP growth is higher than average...
  • Senate Panel Green Lights Janet Yellen for Fed Chief

    11/24/2013 8:32:28 AM PST · by Son House · 11 replies
    Fox News ^ | Nov 21, 2013 | Matt Egan
    Yellen currently serves as vice chairman of the Fed and as a reliable dove would represent continuity with Bernanke. She has consistently supported Bernankes easy-money policies and even seems open to more aggressive moves to fight stubbornly-high unemployment. "I consider it imperative that we do what we can to promote a very strong recovery," Yellen said during her confirmation hearing. Yet Senate Majority Leader Harry Reid announced plans on Thursday to enact the so-called "nuclear option," which would change Senate rules to allow him to approve certain motions with a simple majority rather than 60 votes. Yellen, who was among...
  • Yellen Strikes Out

    11/16/2013 8:37:31 AM PST · by george76 · 11 replies
    The New York Sun ^ | November 14, 2013
    Vice Chairman Yellens testimony before the Senate this morning moves us to oppose her confirmation to succeed Chairman Bernanke at the Federal Reserve. We dont mind saying its an odd position for us, since we have great regard for her capacity as a forecaster, her character, and her comportment. She displays none of condescension that Mr. Bernanke so often allowed to show (we once expressed surprise that he wasnt held in contempt). What transports us into the opposition is Mrs. Yellens truculence on the issue of auditing the Fed. ... Senator Vitter .. speaks for a faction in the upper...
  • Janet Yellens Fed Has The Makings Of A Potential Disaster

    11/15/2013 11:34:17 PM PST · by Olog-hai · 13 replies
    Forbes ^ | 11/06/2013 @ 8:00AM | Keith Weiner
    President Obama has nominated Janet Yellen to be the next Federal Reserve Chairman. We need to know what she stands for if we want to predict what the central bank will do to us next. Clearly, Yellen will continue Bernankes Quantitative Easing, but her papers and speeches show that she is quite different from her predecessor. Yellen is all central planner. She gets her ideas, not from Friedman, but from John Maynard Keynes. Keynes did not trust markets, preferring government intervention. His prescribed solution to recession and unemployment is for the government to increase spending and the central...
  • Scotiabank Warns "Janet Yellen Has Ensured An Equity Market Crash Is Inevitable"

    11/14/2013 6:54:52 PM PST · by SeekAndFind · 5 replies
    Zero Hedge ^ | 11/14/2013 | Guy Haselmann
    Authored by Guy Haselmann of Scotiabank,FED Encouraging the Melt-Up Trade, While Regulating Bubbles Away The Fed moved all-in in 2008/09 when it pushed rates to zero and embarked on QE. Since the Fed basically used its final chips via this action, it became trapped playing this hand until the bitter end. The stakes are enormous and grow over time. The only way the Fed can win is as Yellen said today to do everything possible to promote a very strong recovery. Tapering too soon could be calamitous toward this objective. Yet, the longer it continues, the...
  • Stocks up again: Dow 16,000 record in sight

    11/14/2013 1:46:32 PM PST · by SeekAndFind · 59 replies
    CNN Money ^ | 11/14/2013
    Stocks ended modestly higher Thursday after Federal Reserve chair nominee Janet Yellen indicated in a Senate hearing that she will continue to support the economy with stimulus measures. Investors were encouraged and sent the Dow Jones Industrial Average and S&P 500 to new records. The Dow is now just 1% from hitting 16,000, while the S&P 500 is less than 1% from 1,800.
  • Cruz Backs Pauls Strategy for Audit the Fed Vote

    11/13/2013 7:39:10 PM PST · by Tailgunner Joe · 3 replies
    rollcall.com ^ | November 13, 2013
    Sen. Ted Cruz announced Wednesday that he is backing an effort by fellow Republican Rand Paul of Kentucky to get a vote on auditing the Federal Reserve as a condition for considering the nomination of Janet L. Yellen to be chairwoman of the Fed. I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill, the Texas Republican said in a statement. The Federal Reserve has expanded our money supply by trillions, benefiting Wall Street but making life harder for millions...
  • End the Fed

    10/30/2013 4:17:24 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | October 30, 2013 | John Stossel
    I've always avoided reporting on the Federal Reserve. I know it's more important than much of the stuff I cover, but it's so boring. How can I succeed on TV reporting on the Fed? Fed chairs even work at being dull. Alan Greenspan said he tried to be obscure because he didn't want to spook markets. He called his obfuscation "Fedspeak." It's a far cry from the clarity of his language -- and principles -- when he was young and a disciple of libertarian Ayn Rand. Outgoing Fed Chairman Ben Bernanke and his likely successor, Janet Yellen, are almost as...
  • Rand Paul threatens to block Fed nominee Janet Yellen

    10/28/2013 9:15:19 AM PDT · by Olog-hai · 15 replies
    Washington Times ^ | October 28, 2013 | Brandon Brice
    Senator Rand Paul has already threatened to put a hold on the nomination of Janet Yellen, President Obamas choice to replace Ben Bernanke at the helm of the Federal Reserve. The Kentucky Republican says he is willing to vote in favor of Yellen, but only if he gets a vote on a bi-partisan bill that hes sponsored to put the Fed under greater congressional oversight and public scrutiny. Although Yellen is still expected to win confirmation, the process is now expected to be contentious. Many Republicans, not just Paul, have consistently criticized the central banks aggressive monetary policy and...
  • Janet Yellen Exposed - The Truth Behind The Myth

    10/17/2013 8:49:00 PM PDT · by Nachum · 14 replies
    Zero Hedge ^ | 10/17/13 | Tyler Durdin
    When President Obama nominated Janet Yellen to be the next Chair of the Federal Reserve Board the praise he offered was similar to what had already poured in from around the country. In their assessments of Ms. Yellen's long career, Congressman, editors, and academics have underscored how her prescience and caution distinguish her from the reckless overconfidence that have plagued her male colleagues at the Federal Reserve. As proof of her wisdom supporters have pointed to speeches she delivered in 2005 and 2006 in which she supposedly issued clear warnings about the dangers then building in the frothy real estate...
  • Does Janet Yellen Know What a Bubble Looks Like?

    09/30/2013 11:52:41 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | September 30, 2013 | Mark Calabria
    With Larry Summers withdrawing from the race for Federal Reserve chair, current Fed vice chair Janet Yellen has pulled into the lead to become Ben Bernankes replacement. Previous to her current appointment, Yellen served as president of the San Francisco Federal Reserve Bank The SF Feds district includes three of the worst states in the housing crisis California, Arizona and Nevada. I think its fair to say that without the housing boom and bust in these states we wouldnt have had a mortgage crisis. Given that Yellen was the top banking regulator for this geography, one has to wonder...
  • White House Launches Janet Yellen Blitz PR Campaign

    09/21/2013 8:29:38 AM PDT · by Errant · 8 replies
    Zero Hedge ^ | 21 September, 2013 | Tyler Durden
    There was a time, long ago, when some still believed the myth that the Federal Reserve, and the selection of its Chairman, were supposed to be apolitical and impartial. Luckily, that was a long time ago, because otherwise some may question not only the logic, but the motives, behind what the media reports is an aggressive push by White House officials to "muster support among Democrats on the Senate Banking Committee to back Federal Reserve Vice Chair Janet Yellen," according to Reuters which cited three sources said on Friday, laying the groundwork for her expected nomination to the Fed's top...
  • A Woman Virtually Nobody Has Heard Of Is On The Verge Of Becoming Most Powerful Woman In The World

    06/19/2013 5:40:28 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 06/19/2013 | MATTHEW BOESLER
    It's looking increasingly likely that Ben Bernanke will no longer be the Chairman of the Federal Reserve at this time next year. In an interview Monday, President Obama said Bernanke has "already stayed a lot longer than he wanted or he was supposed to." When asked about his intentions regarding plans for the future, Bernanke has not said much, though the Fed chairman has decided to skip this year's Jackson Hole summit of world central bankers in August, where he would normally be responsible for delivering the keynote address. In recent years, the Jackson Hole keynote has been an important...
  • California And Fed Vice-Chairman Janet Yellen Will Drive The Next Round of QE

    01/23/2011 8:36:55 AM PST · by SeekAndFind · 5 replies · 1+ views
    Business Insider ^ | 01/21/2011 | Gregor MacDonald
    Janet Yellen is the Vice-Chairman of the Federal Reserve. Ms. Yellen is from California. In California no economic recovery is taking place. This Spring, the Federal Reserve will need to decide on a continuation of QE. To guide the FED on further QE, I believe Ms. Yellen is already looking at chartssuch as the kind displayed below. Updated with fresh data today for December 2010 it shows that Californias total employment has, from a crash bottom, increased by 79 thousand. The very small recovery in jobs seen in the first half of 2010 has now been turned back. | see:...
  • Yellen is spellin' inflation ahead

    03/13/2010 3:29:33 AM PST · by Scanian · 9 replies · 611+ views
    NY Post ^ | March 13, 2010 | LAWRENCE KUDLOW
    The new Obama Fed is going to be very dov ish when it comes to fighting future inflation and defending the value of the dollar. The president has nominated Janet Yellen to be vice chair of the Federal Reserve. Yellen is a distinguished economist -- who unfortunately subscribes to the Phillips-curve model that trades off unemployment and inflation. In other words, rather than seeing excess money creation as the cause of rising prices, she focuses on the unemployment rate, the volume of new jobs being created and the growth of the overall economy. For Yellen, inflation is caused by too...