Federal Reserve Chairwoman Janet Yellen Is Hopelessly Confused

by JASmius

Don't believe me?  Get a load of what Reuters is calling her "worst nightmare":

Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she'd rather fight inflation than another economic downturn.

So....she wants to actually do her job in lieu of trying to do the free market's job for it, which it can't do because Obamanomics won't let it.  If she's sincere about this, it'd be the first time that a Fed Chair had actually done his/her job in at least six years.  But I see 4.4 trillion reasons to doubt that sincerity.

Now compare that 'graph to this one:

Interviews with current and former Fed officials indicate that Yellen and core decision-makers at the U.S. central bank are determined not to raise interest rates too early and risk hurting the fragile U.S. economy.

What?   Well which is it, "current and former Fed officials"?  Does "Old Yellen" want to fight inflation or doesn't she?  Because if she does, interest rates have to not just go up, but skyrocket.  And there are 4.4 trillion reasons why.

But, of course, if she raises interest rates, that will pull the camouflage off of Barack Obama's economic depression - or what she calls "another economic downturn" - explode public and private debt, and take a leaf-blower to this phony-baloney plastic banana "improving economy" house of cards.  Which the American public is, perhaps, finally realizing, and perhaps why "Old Yellen" is feeling like she's all by her lonesome out on a high, high tree branch with somebody near the trunk holding a chain saw.

But let us not be deceived yet again, folks.  Destroying the U.S. dollar and bringing about its removal as the global reserve currency is part of the Obama Doctrine.  Which means "easy money" isn't going anywhere until Barack Obama is ready to trigger the Panic of 2008-dwarfing economic crisis that he'll use (assuming his illegal immigration and ebola gambits don't work) to spark the kind of societal unrest that will justify his declaration of martial law.

Janet Yellen, in other words, is simply marking time until she gets the diktat from the White House to jack up rates and release the financial whirlwind.  Until then, all this nonsensical Keynesian inflation vs. recession angst is just bad performance art.

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