Last week, Janet Yellen gave her first monetary policy speech as Chair of the Federal Reserve. In this hour-long segment from The Peter Schiff Show, Peter goes into detail dissecting both her speech and follow-up Q&A session.
“When Janet Yellen talks, everybody on Wall Street listens, although I don’t know why. I can’t think of a less relevant opinion of what’s actually going to happen with the US economy than Janet Yellen’s… Janet Yellen’s opinion only counts to the extent that she controls the Fed. And so she will make policy based upon her opinion of what the economy is going to do. But her opinion of what the economy is going to do is no more valid than anybody’s.”
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Peter, thanks for a great video. I wish there were more people out there that would explain about all this BS like you do. This country is in serious trouble. Thanks again.