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Translating Yellin: The FED’s Mistress of Fog

Thursday, November 22, 2012 2:21
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(Before It's News)

by Gary North
LewRockwell.com

Janet Yellin is Vice Chairman of the Federal Reserve’s Board of Governors.She has been assigned the task of making the FED more transparent. She is the chairman of a new Federal Open Market Committee (FOMC) communications subcommittee.

Let me say from the beginning that Janet Yellin makes Ben Bernanke sound like Henny Youngman.

Anyone who reads a Janet Yellin speech while smoking in bed is not a good insurance risk.

Her recent speech reveals new thinking at the FED. (I use the term “reveals” advisedly.) She gave this speech at the University of California, Berkeley, where she used to teach. (I use the term “teach” advisedly.)

Continue Reading at LewRockwell.com…



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