Janet Yellen Nominated To Lead The Federal Reserve
How To Buy Gold
How to Buy Silver
President Obama will nominate Janet Yellen to lead the Federal Reserve when Ben Bernanke’s term ends in January next year.
Janet Yellen is considered to be even more of a dove than Ben Bernanke when it comes to monetary policy. She has said that she would vote for negative interest rates. This means essentially that you would pay the bank to hold your money.
When Ms. Yellen becomes the Fed Chair a more than decade long progression of dysfunctional monetary policy will be complete.
We will have gone from the low interest rate policies of Alan Greenspan, to the no interest rate policies of Ben Bernanke to the negative interest rates of Janet Yellen.
No wonder we are broke.
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Further Reading:
Janet Yellen and Negative Interest Rates
The Dark Side of Artificially Low Interest Rates
Why are interest rates being kept at a low level?
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