News Analysis: Monday, 6 January, 2014 may have a U.S. Senate Decision on Leadership of the Federal Reserve. The offered candidate unfortunately is considered by a myriad of Senators to epitomize a “Free Stimulus Spending Until It Hurts” attitude. Now, many concerned Senators ask if at this juncture, can the U.S. Federal Deficit keep soaring into the Heavens?
The exiting Federal Reserve Chairman, exercised anything BUT Reserve in Monetary Creation, various Financial Experts have opined. It was during his leadership that America’s Debt rose to over $17+ Trillion Dollars. This pathetic situation shows a complete misunderstanding by Federal Reserve Members.
“Capricious Capital Creation Causes Chaos” should be the Federal Reserve’s Mantra many Economists think. The question of concern to other Nations as well as to Americans is: “Will a Federal Reserve keep on serving a White House of Economically Misunderstanding Occupants? It by preserving its current policies, or will Fiscal Restraint start to take hold?” The Federal Reserves $4 Trillion Dollars in “Arrears” displays such Unknowing Largess.
The Senators voting on the Nominee for Chairperson of The Federal Reserve will let the World know if they are Part of the Problem or Part of the Solution.
Reality.
Reference: http://www.nysun.com/editorials/radioactive-yellen/88534/