Fed Chair Yellen admitted that they are clueless

By: Curtis Wayne   9/26/2017

Speaking to a conference of economists, Fed Chair Yellen admitted that they are clueless.

Federal Reserve Chair Janet Yellen admitted Tuesday that the Fed is puzzled by the persistence of unusually low inflation and that it will likely have to delay raising interest rates.

"My colleagues and I may have misjudged the strength of the labor market, the degree to which longer-run inflation expectations are consistent with our inflation objective or even the fundamental forces driving inflation," Yellen said.

She said, "It would be imprudent to keep monetary policy on hold until inflation is back to 2 percent"

In other words, she cannot believe that after printing 4 Trillion dollars that the economy is not running so good that the added money is not circulating so fast and pushing up prices – causing massive inflation. 

She is surprised by the continued weakness in the economy.  She cannot understand what is going on because her assumptions about printing money and lowering interest rates are all wrong. 

The new money does not fix the economy, it only creates bigger bubbles and destroys investments in profitable businesses.

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