Janet Yellen to Cause Hyperinflation of US Dollar

Janet Yellen to be named Fed chair on Wednesday

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The Money GPS is the book by David Quintieri featuring Bob Chapman, James Turk, and David Morgan.

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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. 

“It’s a notable reaction given Yellen’s nomination was so widely expected and that it comes at a time markets are already assuming the Federal Open Market Committee will not seriously consider a policy change at the October meeting given the fiscal standoff.”

Yellen is seen as a dove on monetary policy, favoring strategies that bring down unemployment even at the risk of driving inflation higher. She has said she does not believe there is often conflict between the two Fed goals.

http://www.cnbc.com/id/101093040
http://research.stlouisfed.org/fred2/graph/?id=FEDFUNDS
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http://www.hangthebankers.com/wp-content/uploads/2012/12/Obama-smoking-weed.jpg

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The Money GPS is the book by David Quintieri.
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FREE copy @ http://themoneygps.com/free
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