Thursday, June 23, 2016

Intelligence at the FED?

January 2008: Bernanke "The Federal Reserve is not currently forecasting a recession." 

June 2008: Bernanke "The risk that the economy has entered a substantial downturn appears to have diminished." 

June 2016: Yellen "chances of recession this year are 'quite low'... The U.S. economy is doing well. My expectation is that the U.S. economy will continue to grow."

Yellen channeling Bernanke?

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