Wednesday, July 14, 2010

Janet Yellen Confirmation Hearing on Thursday

Janet Yellen, current President of the San Francisco Federal Reserve, is scheduled to appear on Thursday for a confirmation hearing before the Senate Banking Committee, re her nomination by President Obama  as vice-chairman of the Federal Reserve.

She is considered an "inflation dove" and believes the Fed should aggressively fight recessions by printing money. Naturally, sh is expected to be confirmed.

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