Posted on

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.
Posted on

Fed Chair has Personal Stress Test

mother goose

Fed Chair Yellen had a health scare during a speech, but she’s feeling fine now

Fed Chairwoman Janet Yellen gave a scare Thursday while giving a speech on monetary policy and inflation at the University of Massachusetts at Amherst.

Near the end of her prepared remarks, Yellen appeared to be experiencing some physical discomfort. She paused several times to cough before saying she would stop.

“[I]f the economy surprises us, our judgments about appropriate monetary policy will change,” she said. “Let me stop there. Thank you.”

She gathered her notes, gave several smiles, and stuck around to be presented with a gift before she made her way offstage.

Several news outlets reported that she proceeded to receive medical attention, but now she seems to be in the clear.