Wednesday, November 6, 2013

Janet yellen

If you look at Jamet Yellen's philosophy, she favors for decreasing unemployment rate rather than worrying about inflation. This is from Reuters and looking at this, that philosophy is great during the symptoms of a recession or during a recession. So she might be a good fit for the economic state America is in now. She would like to help run an expansionary policy during times of recession. The problem is that her philosophy that she holds is also kept in her mind during economic expansion. That's the problem, if she isn't willing to change her views to benefit the economy then, why should she be Chairwoman of the Federal Reserve? She would like to help run an expansionary policy judging by her unchanging  philosophy during times of economic expansion. And because of that, she could help cause hyper inflation, a problem she won't address because she worries about the unemployment rate. So she shouldn't be appointed by Congress because her philosophy can work for the economic times we're in now but, later her philosophy would hurt us.

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