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New Republic Report: "Hourglass" -- October 25, 2016

----------- "Hourglass" Republic Update Tuesday October 25, 2016 (8) ----------- They say a day can pass in what feels like fore...

Monday, April 11, 2016

White House Issues Statement After Obama Meetings

White House Issues Following Statement After Meeting Between Obama ...

Submitted by Tyler Durden on 04/11/2016 - 17:01

"The President and Chair Yellen met this afternoon in the Oval Office as part of an ongoing dialogue on the state of the economy. They discussed both the near and long-term growth outlook, the state of the labor market, inequality, and potential risks to the economy, both in the United States and globally. They also discussed the significant progress that has been made through the continued implementation of Wall Street Reform to strengthen our financial system and protect consumers."

This Is What Happens Behind Closed Doors When U.S. Presidents Meet ...

Submitted by Tyler Durden on 04/11/2016 - 15:22

... in 1965, President Lyndon B. Johnson, who wanted cheap credit to finance the Vietnam War and his Great Society, summoned Fed chairman William McChesney Martin to his Texas ranch. There, after asking other officials to leave the room,Johnson reportedly shoved Martin against the wall as he demanding that the Fed once again hold down interest rates. Martin caved, the Fed printed money, and inflation kept climbing until the early 1980s.

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