Oh dude! Epic LOLZ, because you know by now how I feel about my hometown Fedhead, SF Federal Reserve President Janet Yellen. The only thing you need to know is that I'm grateful her SF Fed ousted my ex boyfriend the Peruvian accountant and sent him to SF Fed's LA branch.

Fed risks replay of 1930s if it hikes too quickly: Yellen (via MarketWatch) and Janet, OMG, thank you if for NOTHING ELSE (because you are useless, let's face it) for the LOLZ. You da man. Or da troll. Whatever. I've heard things, chica.

The Federal Reserve must avoid rushing to raise interest rates because of unfounded concerns about inflation if it wants to avoid plunging the U.S. back into recession, San Francisco Federal Reserve President Janet Yellen said late Tuesday.

"I do not believe that there is a real threat of high inflation in the current situation," said Yellen in remarks prepared for a speech to the Commonwealth Club of California.

"If anything, I'm more concerned that we will be tempted to tighten policy too soon, thereby aborting recovery," she said.

Such a scenario would be a replay of the late 1930s when the Fed, following two years of recovery, tightened its monetary policy because it feared the after-effects of excess banking reserves. The deep 1937 recession followed.

"Let this not be another 1937, but a time when policymakers have the wisdom and patience to nurse the economy back to health," she said.

This is the Fedhead who encourages 2% inflation, by the way, which is a form of theft that most of America is still asleep to.

Just sayin.