"In effect there has been a significant shortfall in the overall amount of monetary policy...


"In effect there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009," said Fed Vice-Chair Yellen last night, suggesting even with all of its extraordinary measures, the central bank hasn't done enough. She believes ZIRP could stay in place well beyond the current target of late 2014.
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Comments (10)
  • Chuck
    , contributor
    Comments (104) | Send Message
     
    MORE [Stealth] QE3 and then a QE4 ?
    12 Apr 2012, 08:40 AM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (475) | Send Message
     
    Not enough? Significant short fall? She must be talking about real wages.
    12 Apr 2012, 10:46 AM Reply Like
  • Dirtydozen011
    , contributor
    Comments (63) | Send Message
     
    These guys are smoking some good stuff there. Only way to explain this.
    12 Apr 2012, 11:04 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (3786) | Send Message
     
    Print now, print more and more now; that is really what the whole world wants! There is no stopping this chorus. Voldemort is in control.
    12 Apr 2012, 11:52 AM Reply Like
  • Buckoux
    , contributor
    Comments (9611) | Send Message
     
    The low value of the dollar that has been the result of ZIRP is also the cause of the high cost of gasoline via the price of crude oil as a hedge on the cheap dollar. As long as the Fed keeps "ZIRPing", the US economy will NOT recover.
    12 Apr 2012, 12:25 PM Reply Like
  • X-terminator
    , contributor
    Comments (83) | Send Message
     
    The division between rich and not so rich will keep growing! Sad.
    12 Apr 2012, 01:09 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Ironically, Yellen has written much on shadow banking and "prudential" risk management. The hypocrisy enters as she, along with her dovish colleagues, continues to advocate more liquidity that will have the very effect of increasing risk and shadow banking activity. Fed governors/FOMC members are central planning nightmares harking to visions of communist party/politburo speeches. The markets manic-depressively fall for this nonsense hook-line-and-sinker.
    12 Apr 2012, 01:30 PM Reply Like
  • Apacheleadership
    , contributor
    Comments (56) | Send Message
     
    Yellen is a criminal, just like the others. Screw her and her idiotic ivory tower ideas. They have sealed the nation's fate. With lick, it will mean the FED's demise.
    12 Apr 2012, 04:48 PM Reply Like
  • suryan
    , contributor
    Comments (174) | Send Message
     
    Look at Japan zirp and stimulus for decades and still having no growth and reeling from high debt low stock and real estate returns as suggested by nekkei chart..... USA will follow suit.....these ppl think they can fix everything, nucking futs!!!!
    12 Apr 2012, 09:19 PM Reply Like
  • slard271
    , contributor
    Comments (64) | Send Message
     
    Just more of the Fed speaking out both sides of its mouth because they have completely lost control. Without liquidity injections, the markets have no hope. First stocks, then bonds, and finally the currencies themselves. The only means to prevent this ongoing economic malaise is sane fiscal policies. Fat chance of that with this government and a docile electorate. I just wish something would hurry up and drive the true deleveraging we need. I miss being bullish, it's a lot more fun.
    13 Apr 2012, 12:58 AM Reply Like
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