As Janet Yellen prepares to meet with President Obama this morning for the first time, it appears The Dallas Fed's Richard Fisher has planted a rather uncomfortable tape bomb for her to explain:
- FISHER: QE3 WAS A GIFT TO THE RICH
So right before the Midterm elections, a week after Janet Yellen discussed inequality, [8] she is summoned to meet with The 'fair' President to explain how her policy is keeping Obama's dream alive?
* * *
Janet Yellen becomes aware of the inequality "problem"...
[9]
[10]
And maybe understands why...
[11]
* * *
To those that suggest QE was a victory, we have words and pictures...
If it was so successful, why did they stop?
[12]
and does this look like the chart of a successful monetary policy action?
Well, yes, if one believes the lies:
- Bernanke 4/22/14: FED ACTIONS DIDN'T FAVOR WALL STREET OVER MAIN STREET
Q.E. er D.
