Libertea Party
10-13-2013, 11:44 PM
Grilled Yellen watch (http://ideas.time.com/2013/10/11/rand-paul-why-i-plan-to-grill-yellen/):
So when the housing bubble was brought up recently by Rand Paul I recalled the Federal Reserve's dirty laundry during the build up to the bubble. And look at what the next Federal Reserve Chairperson had to say when it counted (www.nytimes.com/2012/01/13/business/transcripts-show-an-unfazed-fed-in-2006.html):
And even Ms. Yellen did not believe that the problems in the housing market would have broader consequences. “Of course, housing is a relatively small sector of the economy, and its decline should be self-correcting,” she said.
Ms. Yellen said: “It’s fitting for Chairman Greenspan to leave office with the economy in such solid shape. The situation you’re handing off to your successor is a lot like a tennis racquet with a gigantic sweet spot.”
There is probably a ton of this stuff out there. Feel free to post anymore here. Hopefully Rand and his staff have got a treasure trove of this stuff for the hearings.
So when the housing bubble was brought up recently by Rand Paul I recalled the Federal Reserve's dirty laundry during the build up to the bubble. And look at what the next Federal Reserve Chairperson had to say when it counted (www.nytimes.com/2012/01/13/business/transcripts-show-an-unfazed-fed-in-2006.html):
And even Ms. Yellen did not believe that the problems in the housing market would have broader consequences. “Of course, housing is a relatively small sector of the economy, and its decline should be self-correcting,” she said.
Ms. Yellen said: “It’s fitting for Chairman Greenspan to leave office with the economy in such solid shape. The situation you’re handing off to your successor is a lot like a tennis racquet with a gigantic sweet spot.”
There is probably a ton of this stuff out there. Feel free to post anymore here. Hopefully Rand and his staff have got a treasure trove of this stuff for the hearings.