Peter Schiff isn’t the only one skeptical of the Federal Reserve’s cheery forecasts for the US economy. A new commentary at MarketWatch takes a critical look at Janet Yellen’s testimony to the Joint Economic Committee this week. A lot of what Yellen says is simply nonsense, and it doesn’t take a genius to point out all the contradictions.
“Federal Reserve Chair Janet Yellen did a masterful job navigating the political shoals of the Joint Economic Committee yesterday. She told liberal Vermont Sen. Bernie Sanders (I-VT) that she shared his concern about the Koch brothers and inequality, and conservative Indiana Sen. Dan Coats (R-IN) that Congress needed to act soon to reduce long-term budget deficits.
But her testimony, and the discussion that followed it, raised a host of serious questions about the role of the Federal Reserve in this sluggish economy. As Chair Kevin Brady (R-TX) told Yellen, her “don’t worry, be happy” monetary message might not work. From what I heard, there were at least six issues on which she spoke that made no sense. I’ll call them Yellenisms.”
Read the Full Piece Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Yellenisms – Don’t Worry, Be Happy!
Peter Schiff isn’t the only one skeptical of the Federal Reserve’s cheery forecasts for the US economy. A new commentary at MarketWatch takes a critical look at Janet Yellen’s testimony to the Joint Economic Committee this week. A lot of what Yellen says is simply nonsense, and it doesn’t take a genius to point out all the contradictions.
Read the Full Piece Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!