Five Years On, What's the Plan?
11:50 AM, Apr 1, 2014 • By GEOFFREY NORMAN
Janet Yellen, Chairwoman of the Federal Reserve, surveying the state of the economy,
Five years, now, since the “official end” of the recession and longer than that, of course, since its official beginning. Ms. Yellen, as Binyamin Appelbaum of the New York Times reports, is reaching out to some of the casualties and "devoted more than an hour last week talking by telephone with three Chicago area residents struggling to find jobs."
In her first public speech since assuming her new title Ms. Yellen
Ms. Yellen seems less inclined than her predecessor to worry about inflation.
For the long term unemployed, like Ms. Poole, just about everything is priced out of reach.
And getting more so.
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