Obviously She is Confused
pic credit: Dr Case via Flickr
Only from the mouth of Janet Yellen:
"I would emphasize that it's very important to move in the short run to support the economy, if simultaneously it can put in place measures necessary to attack the long-term deficit," she said.
The Fed's been leaning on the free money spigot since December of 2008, what exactly is our dear Janet's definition of "short term" and how does she figure the Fed can accomplish both supporting the economy and attacking the deficit?
I think by attack she actually meant ATTACK!!!
Janet is in front of the Senate Banking Committee today auditioning for Don Kohn's job. All signs point to a confirmation.