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, 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”…
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And maybe understands why…
To those that suggest QE was a victory, we have words and pictures…
If it was so successful, why did they stop?
and does this look like the chart of a successful monetary policy action?
