San Fran Fed's Janet Yellen Shares Some Misinformation On The Fed's "Credbility" A
• Zero HedgeWarning: Watch the below video without prior ingestion of Xanax, lithium and/or horse tranquilizers at your own risk. Grandma Janet sounds like an insane and/or senile bureaucrat who does not want to admit that she was one of the select cabal of monetary druids whose mistakes essentially destroyed the financial world a year ago... and their reaction to this destruction has made sure that the US economic system is now promptly heading either toward hyperdeflation or hyperinflation (likely both). Nonetheless, some interesting quotes: And, For The Win: "The Fed's analytical prowess is top notch, and our forecasting record is second to none. The FOMC is committed to price stability and has a solid track record in achieving it."
