Jewish Janet Yellen Confirmed as Next Federal Reserve Chief; Let the money printing continue!
Janet Yellen is currently the Vice Chair of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley's Haas School of Business.
Andre Damon: Senate confirms Janet Yellen as Fed Chair ■ The US Senate confirmed Janet Yellen, President Obama’s nominee to replace [Jewish] Ben Bernanke as chairman of the Federal Reserve Board, Monday evening. The move is a signal that the pro-Wall Street policies carried out by Yellen’s predecessor, Ben Bernanke, will continue. Yellen, who has served as the Fed’s vice-chair since October 2010, is, after Bernanke himself, the figure most associated with the Federal Reserve’s unprecedented money printing operations known as “quantitative easing.” Through these programs, the central bank has purchased hundreds of billions of dollars in mortgage backed securities and US Treasury bonds, transferring cash into the hands of the banks and fueling a stock market bubble. The direct and intended consequence of quantitative easing has been to vastly increase the wealth of the super-rich and inflate corporate profits, even as the conditions for the vast majority of the population remain dire.
VoR: US Senate confirms Yellen as first woman to head Federal Reserve