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  1. #1 Janet Yellen to be named Fed chair on Wednesday: White House 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Published: Tuesday, 8 Oct 2013 | 7:11 PM ET


    After months of speculation, it's official: Janet Yellen will be the next chair of the Federal Reserve, succeeding Ben Bernanke, the White House said late Tuesday.

    President Obama will make the announcement on Wednesday at 3pm ET, the White House said. Both Janet Yellen and current Fed chair Ben Bernanke are expected to attend. That announcement will be right after the Fed releases the minutes from its last meeting, due out at 2pm ET.

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  2. #2  
    PORCUS MAXIMUS Rockntractor's Avatar
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    I'm seeing a trend here.
    Last edited by Rockntractor; 10-09-2013 at 08:50 AM.
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
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    PORCUS MAXIMUS Rockntractor's Avatar
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    Soon the freak show that we now call a government will be complete.

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    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
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  4. #4  
    LTC Member Odysseus's Avatar
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    Quote Originally Posted by SarasotaRepub View Post
    Yellen is considered to be more concerned with unemployment than inflation, which means that she is likely to oversee further quantitative easing, i.e., devaluation of the dollar. On the plus side, this will screw over the Chinese, who hold a tremendous amount of US debt, but it will also have severe impacts in the long run on the stability of the dollar, savings and investment in the US, and with serious longterm consequences in terms of Weimar-style instability.
    --Odysseus
    Sic Hacer Pace, Para Bellum.

    Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
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