FBD
11-14-2013, 01:44 PM
http://www.cruz.senate.gov/record.cfm?id=348044
Press Release of Senator Cruz
Cruz: Bring Transparency to the Federal Reserve, Vote to Audit the Fed
Contact: press@cruz.senate.gov / (202) 228-7561
Wednesday, November 13, 2013
WASHINGTON, DC -- U.S. Senator Ted Cruz (R-Texas) released the following statement in advance of Janet Yellen's Thursday hearing before the Senate Banking Committee:
"I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill. The Federal Reserve has expanded our money supply by trillions, benefitting Wall Street but making life harder for millions of Americans struggling to make ends meet. Never-ending quantitative easing threatens to undermine the dollar and to drive up prices on everyday goods from food to gasoline to the basic necessities of life. We need to bring transparency to the Fed, so the American people can understand the scope and consequences of its policies."
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"Yellen to defend fed's easy money policies"
http://www.reuters.com/article/2013/11/14/us-usa-fed-yellen-idUSBRE9AC16R20131114
http://www.zerohedge.com/node/481389
Support demand /lower for longer -"supporting the recovery today is the surest path to returning to a more normal approach to monetary policy"
No hurry to taper - "A strong recovery will ultimately enable the Fed to reduce ... reliance on unconventional policy tools such as asset purchases"
More transparency (think consensus FOMC projections) - "have strongly supported this commitment to openness and transparency, and will continue to do so"
Sup and Reg for bubbles not tighter policy " I am committed to using the Fed's supervisory and regulatory role to reduce the threat of another financial crisis"
And of course, status quo continues: I believe the Federal Reserve has made significant progress toward its goals but has more work to do
http://www.zerohedge.com/news/2013-11-01/peeking-inside-yellens-mindset
Peeking inside Yellen's mindset
http://www.zerohedge.com/news/2013-10-17/janet-yellen-exposed-truth-behind-myth-0
Yellen exposed
"In a new video, Peter Schiff, the CEO of Euro Pacific Capital and a well-known author and economist, goes over the speeches in question and comes to the easy conclusion that the new leader at the Federal Reserve is just as incapable as her predecessors of recognizing a dangerous asset bubble. Worse yet, as a diehard believer in the power of expansive monetary policy, Ms. Yellen would be much less likely to attack an asset bubble even if she were ever to recognize one before it burst."
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Just in case anyone had any doubts about who's being nominated to keep the fed printing press running. Oh, I mean, uh, assist the fed in lowering unemployment. Or, uh...whatever the fuckery it is that the federal reserve foists upon the american people...
Press Release of Senator Cruz
Cruz: Bring Transparency to the Federal Reserve, Vote to Audit the Fed
Contact: press@cruz.senate.gov / (202) 228-7561
Wednesday, November 13, 2013
WASHINGTON, DC -- U.S. Senator Ted Cruz (R-Texas) released the following statement in advance of Janet Yellen's Thursday hearing before the Senate Banking Committee:
"I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill. The Federal Reserve has expanded our money supply by trillions, benefitting Wall Street but making life harder for millions of Americans struggling to make ends meet. Never-ending quantitative easing threatens to undermine the dollar and to drive up prices on everyday goods from food to gasoline to the basic necessities of life. We need to bring transparency to the Fed, so the American people can understand the scope and consequences of its policies."
-------------------------------
"Yellen to defend fed's easy money policies"
http://www.reuters.com/article/2013/11/14/us-usa-fed-yellen-idUSBRE9AC16R20131114
http://www.zerohedge.com/node/481389
Support demand /lower for longer -"supporting the recovery today is the surest path to returning to a more normal approach to monetary policy"
No hurry to taper - "A strong recovery will ultimately enable the Fed to reduce ... reliance on unconventional policy tools such as asset purchases"
More transparency (think consensus FOMC projections) - "have strongly supported this commitment to openness and transparency, and will continue to do so"
Sup and Reg for bubbles not tighter policy " I am committed to using the Fed's supervisory and regulatory role to reduce the threat of another financial crisis"
And of course, status quo continues: I believe the Federal Reserve has made significant progress toward its goals but has more work to do
http://www.zerohedge.com/news/2013-11-01/peeking-inside-yellens-mindset
Peeking inside Yellen's mindset
http://www.zerohedge.com/news/2013-10-17/janet-yellen-exposed-truth-behind-myth-0
Yellen exposed
"In a new video, Peter Schiff, the CEO of Euro Pacific Capital and a well-known author and economist, goes over the speeches in question and comes to the easy conclusion that the new leader at the Federal Reserve is just as incapable as her predecessors of recognizing a dangerous asset bubble. Worse yet, as a diehard believer in the power of expansive monetary policy, Ms. Yellen would be much less likely to attack an asset bubble even if she were ever to recognize one before it burst."
------------------------
Just in case anyone had any doubts about who's being nominated to keep the fed printing press running. Oh, I mean, uh, assist the fed in lowering unemployment. Or, uh...whatever the fuckery it is that the federal reserve foists upon the american people...