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Re: Yellen

By: zzstar in FFFT3 | Recommend this post (0)
Thu, 18 Dec 14 6:41 PM | 333 view(s)
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Msg. 06380 of 65535
(This msg. is a reply to 06342 by DGpeddler)

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You should have definitely checked with me:

http://www.cnbc.com/id/102280005

A couple of quotes for you:

"Though the Fed has kept its key rate near zero for nearly six years to encourage borrowing, spending and investment, the economy has yet to fully repair the destruction from its worst crisis in 80 years.
Federal Reserve Board Chairwoman Janet Yellen speaks during a news conference December 17, 2014 at the headquarters of Federal Reserve Board of Governors in Washington, DC.

Federal Reserve Board Chairwoman Janet Yellen speaks during a news conference December 17, 2014 at the headquarters of Federal Reserve Board of Governors in Washington, DC.
Many workers remain trapped in part-time jobs. Paychecks are barely rising. Home ownership is dropping. Slumping oil prices have reduced inflation to a level so low it could eventually discourage spending and further stifle wage growth.

So the U.S. central bank declared it would be "patient" in deciding when to raise its benchmark rate from a record low, where it's been since December 2008."

Give Bush and the republicans a call to explan it to you. Explain how fkd up they left the country for Obama to fix.


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The above is a reply to the following message:
Yellen
By: DGpeddler
in FFFT3
Thu, 18 Dec 14 1:25 AM
Msg. 06342 of 65535

The Fed will not change its policy until unemployment improves. Guess she forgot to check in with ZZ.


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