Ron Paul: Yellen Dangerous For The Economy - Forbes - (Kitco News):
November 26, 2013 - "The Federal Reserve will not be able to revive the economy under the leadership of Janet Yellen, said Dr. Ron Paul.
"The former U.S. congressman, and former Republican presidential candidate spoke with Kitco News during the Metals & Minerals Conference in San Francisco and said he does not expect Yellen to change the monetary policy that is currently in place. In fact he expects that she could be even more aggressive than current chairman Ben Bernanke.
"'She is a very aggressive inflator. She really believes in quantitative easing and that is the only thing they know,' Paul said. 'I think she is very dangerous. I think she will be dangerous to the U.S. dollar.'
"On Thursday the U.S. Senate Banking Committee approved the nomination of Janet Yellen as the next chief of the central bank; it was approved by a vote of 14 to eight. Her nomination will now be sent to the full Senate for a final vote, which according to some media reports will take place in December.
Read more: http://www.forbes.com/sites/kitconews/2013/11/26/ron-paul-yellen-is-dangerous-for-the-economy/
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November 26, 2013 - "The Federal Reserve will not be able to revive the economy under the leadership of Janet Yellen, said Dr. Ron Paul.
"The former U.S. congressman, and former Republican presidential candidate spoke with Kitco News during the Metals & Minerals Conference in San Francisco and said he does not expect Yellen to change the monetary policy that is currently in place. In fact he expects that she could be even more aggressive than current chairman Ben Bernanke.
"'She is a very aggressive inflator. She really believes in quantitative easing and that is the only thing they know,' Paul said. 'I think she is very dangerous. I think she will be dangerous to the U.S. dollar.'
"On Thursday the U.S. Senate Banking Committee approved the nomination of Janet Yellen as the next chief of the central bank; it was approved by a vote of 14 to eight. Her nomination will now be sent to the full Senate for a final vote, which according to some media reports will take place in December.
Read more: http://www.forbes.com/sites/kitconews/2013/11/26/ron-paul-yellen-is-dangerous-for-the-economy/
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