Submitted by Tyler Durden on 11/29/2011 - 12:41 Dennis Lockhart European Central Bank Janet Yellen John Williams
It is not only Europe who has perfected the art of baffling everyone with intolerable and relentless bullshit. Fed members have it down pat too. Case in point, just presented prepared remarks by Fed uber-dove and vice chair Janet Yellen and hawk and Atlanta Fed president (who becomes eligible to vote in 2012) Dennis Lockhart. Here are the money quotes via Bloomberg:
YELLEN SAYS `SCOPE REMAINS' FOR ADDITIONAL FED EASING
YELLEN SEES `STRONG CASE' FOR POLICIES TO BOOST U.S. HOUSING
And minutes later:
FED'S LOCKHART `SKEPTICAL' MORE BOND-BUYING WILL HELP ECONOMY
LOCKHART SAYS ASSET PURCHASES NOT A `POTENT POLICY OPTION'
Mmmk.
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http://www.zerohedge.com/news/two-fed-members-speak-contradict-each-other
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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