Janet Yellen Was Great Fed Chair. So Why Is Economy Still Broken?

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Janet Yellen Was Great Fed Chair. So Why Is Economy Still Broken?

January 29th, 2018

Awake Goy

And yet these predictions of horror (generously compiled by Sam Bell, an adviser to the progressive economic advocacy group Fed Up) never materialized. Consumer prices rose by just 1.9 percent a year during Yellen’s tenure ― and only 1.3 percent if you include fuel and food in the calculations. The overall economy, meanwhile, has grown by nearly 9 percent since Yellen took office four years ago (adjusted for that barely existent inflation), while the unemployment rate has steadily declined from 6.6 percent to 4.1 percent and the interest rate on government debt is about where it was when Yellen was confirmed. The man President Donald Trump has selected to succeed her, Jerome Powell, has stated that he plans to continue her policymaking legacy, which of course makes one wonder why, exactly, the president felt compelled to replace her.

Source Article from https://popularresistance.org/janet-yellen-was-great-fed-chair-so-why-is-economy-still-broken/