Saturday, April 17, 2010

Fed’s Yellen Growing More Confident Economy Is ‘On Right Track’ - Bloomberg.com

And we here at Paterson are growing more confident that Yellen is nothing more than Alan Greenspan in a skirt.

She is either late, wrong, or confused in all her pronouncements, like he was.

Just cause she can dance backward, and in heels, doesn't mean she's any good at it.

Pray for Beranke's health. I know I am.

* * * * * J B K * * * * *

San Francisco

Janet Yellen, president of the Federal Reserve Bank of San Francisco, said she's increasingly certain the U.S. economy is "on the right track," and that officials will "at some point" need to lift borrowing costs.

"We've been getting some pretty encouraging news," Yellen said yesterday in a speech in San Francisco. "It's been a long time coming and is very welcome indeed." Still, "it's important not to lose sight of just how fragile this recovery is," she said, while reaffirming the Fed's pledge to keep the benchmark U.S. interest rate low for an "extended period."

http://www.bloomberg.com/apps/news?pid=20601068&sid=a5WYOznf3aPQ