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(Untitled) Oct 12th 2013, 23:55, by noreply@blogger.com (Cliff Küle) Janet Yellen Is 'Loose As A Goose' Fred Sheehan sees the nomination of Janet Yellen as the next Federal Reserve Chairperson as an all-out loosening of monetary policy - a drive to lower interest rates at all maturities, to print lots of money in an attempt to drive unemployment lower, all likely resulting in much levels of inflation ..  Sheehan gives several quotes characterizing her thinking: at Yale in 1999: "Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policy makers have the knowledge and ability to improve macroeconomic outcomes rather than make matters worse? Yes." .. recently a few months ago: "At this stage, there are some signs that investors are reaching for yield, but I do not now see pervasive evidence of trends such as rapid credit growth, a marked buildup in leverage, or significant asset bubbles that would clearly threaten financial stability," LINK HERE to the commentary

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