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Rep. Garrett to Chair Yellen: why does the Fed favor Wall Street over Main Street?

House Budget Panel Holds Hearing to Receive  Views on Fiscal 2012
July 1,2016

the staff of the Ridgewood blog

Ridgewood NJ, In case you missed it, earlier this week Rep. Scott Garrett asked Fed Chair Janet Yellen why the Fed of pursues policies that help the rich at the expense of the poor. Garrett schooled Fed Chair Yellen on the damaging impact her policies have had on the middle class in this country . Garret said the net effect of Fed and administration policy has been to widen income inequality.

In this clip Garrett turns the Fed’s own language against itself and details how Fed policies have hurt African America’s and other  minority groups , as well as the middle class  .

 Watch the clip and let me know your thoughts.
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Is the Fed fueling a giant stock market bubble?


Is the Fed fueling a giant stock market bubble?

John Maxfield , The Motley Fool12:25 p.m. EDT July 27, 2014

Take a good look at the chart below and you’d be excused for concluding that we’re in the midst of the greatest stock market bubble of all time. Not only has the S&P 500 fully recovered from the financial crisis, it’s a staggering 30% higher than the peaks of the Internet and housing bull markets.

But is this really the case? With unemployment still above 6%, how could we find ourselves in the throes of yet another brewing catastrophe? Didn’t investors and analysts learn anything from the past decade and a half?

While it requires some explanation, the answer is that we’re most likely not experiencing another irrational inflation of stock prices. The market’s record level is instead a predictable response to the Federal Reserve’s policy of keeping interest rates at historically low levels.