Monetary Policy and the Economy

[rmstock]

Monetary Policy and the Economy
by rmstock , Published on Mar 15, 2017
https://www.youtube.com/watch?v=TLrW6ob_Uyw
  "March 15, 2017
   Monetary Policy and the Economy
   https://www.c-span.org/video/?425389-...
   Federal Reserve Chair Janet Yellen briefed reporters on a variety of
   economic issues following a two-day meeting of the Federal Open Market
   Committee. She announced an increase in the benchmark short-term
   interest rate from 3/4 of one percent to one percent, marking the
   central bank's third increase since the Great Recession. Chair Yellen
   said the message is that "the economy is doing well," citing lowering
   unemployment. "

[rmstock]

Yellen does not believe that the repeal of the
The Glass-Steagall Act, also known as the Banking Act of 1933 (48 Stat. 162),
pushed by Deputy Secretary of the Treasury  Larry Summers [1] and Treasury
Secretary Robert Rubin, gave way to reckless policy's of creating insane
amounts of leveraged derivatives aimed at the moneys and properties of
the clientèle of the regular banking sector, by opening this market for the wolves
of investment banking.

[1] http://www.motherjones.com/politics/2013/07/lawrence-summers-federal-reserve-chair-financial-regulation