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”…
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?
via Zero Hedge http://ift.tt/1ungy73 Tyler Durden