Janet Yellen on Workforce Development
Yellen sees challenges to be solved in the labor market, but completely misses the Fed and government's hand in the problems.
Yellen sees challenges to be solved in the labor market, but completely misses the Fed and government's hand in the problems.
Every year the Fed remits its profits to the US Treasury every year. A drop in Fed profits means less for the US Treasury.
Growth rates in the money supply have fallen each month since October.
Minneapolis Fed president Kashkari voted against the Fed's March hike, wants to focus on the balance sheet question before the rate hike question.
The Fed will do whatever is needed to prevent the debt pyramid from collapsing. That includes keeping interest rates at extraordinarily low levels.
While expressing optimism about the economy, Yellen completely dismissed a question about the troubling Q1 GDP forecasts.
The financial press pretends that there's some grand shift away from the Fed's official low interest rate policy. This narrative is highly misleading.