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Yellen Tells Congress That FED Will Continue to Prop Up the Economy (VIDEO)

Video: http://www.nytimes.com/2014/07/16/business/yellen-tells-cong...

Fed will keep interest rates near zero for "considerable period"

BY MARTIN CRUTSINGER

WASHINGTON (AP) -- Despite recent sizable job gains, Federal Reserve Chair Janet Yellen is signaling that her agency is in no rush to withdraw the massive support it is providing the U.S. economy.

Extra caution is warranted, she said Tuesday, given a number of "false dawns" in this recovery when a hoped-for acceleration in growth has failed to materialize.

Video: http://www.nytimes.com/2014/07/16/business/yellen-tells-cong...

Read more: http://hosted.ap.org/dynamic/stories/U/US_YELLEN_TESTIMONY?S...



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Beware

the money printers and changers, aka banksters.

Cyril's picture

Oh! Surprise, surprise.

Oh!

Surprise, surprise.

Dang. Now we didn't see that one coming!

"Hell, no! We didn't! What'bout ya?!"

( http://www.tradingeconomics.com/ )

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

So what Yellen is telling us is

So what Yellen is telling us is we are screwed. She can't break the cycle.

Can't wait for her "October Surprise" moment.

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo