Tuesday, February 27, 2018

"A Fed Duet: Janet Yellen in Conversation with Ben Bernanke"

At the Brookings Institution on Tuesday, former Federal Reserve chairs Ben Bernanke and Janet Yellen will sit down for a special event: Bernanke will interview Yellen on her career, her time at the Fed and her observations about the current state of the economy. The two former Fed chairs will also take questions from the audience.

Brookings has dubbed the event, "A Fed duet: Janet Yellen in conversation with Ben Bernanke."

The event will take place between 2:00 — 3:15 p.m. EST.

The in-person audience seating is full but it can be viewed via live webcast for those who register in advance.

Consider this a high-level Fed propaganda show. Keep in mind that Bernanke never saw the financial crisis coming and destroyed the economy in the wake of the crisis when he was intimidated into bailing out the banksters by drama king then-Treasury Secretary Hank Paulson. (Mid-level Fed policy personnel personally told me that they thought Paulson intimidated Bernanke.)

Yellen lucked out by heading the Fed after Bernanke destroyed the economy. She pretty much coasted by keeping interest rates low and pumping 2.67 trillion new dollars into the economy and not having to deal with serious price inflation. Jay Powell, the current Fed chairman, will not be so lucky.

None of the above will be discussed at the event. It's like they will be singing in the shower without the water running


1 comment:

  1. Do you suppose a Fed Duet would be enhanced by the presence of a Maestro?