Obama to Appoint New Fed Vice Chairman

It has been reported that President Obama plans to appoint Janet Yellen, President and CEO of the Federal Reserve Bank of San Francisco, as the new Fed Vice Chairman.

She is considered one of the most ‘dovish’ members of the central bank’s policymakers, meaning she is seen to lean toward policies that will boost growth and promote employment rather than those aimed at keeping inflation at bay.

Yep. You heard it correctly. She is willing to risk further inflation in a vain attempt to promote economic growth with a printing press.

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