Janet Yellen

Janet Yellen Eats at Subway—What Does This Mean for Interest Rates?

Subway sandwichNext week the Federal Reserve convenes its Federal Open Market Committee meeting where financial analysts are anticipating hikes in the interest rate. The sense is that the rate hikes indicate a booming economy. Not so fast: It is now less certain the economy is getting back on track. Indeed, it may be headed for trouble. And the reason for concern? Fed chair Janet Yellin was just seen eating at a Subway.

Congressman: Federal Reserve Policy Could Lead to Huge Inflation, Recession

Jeb Hensarling says Fed does not have the credibility and respect it once had

Janet YellenRep. Jeb Hensarling (R., Texas) said that when the Federal Reserve begins to unwind its balance sheet of roughly $4.5 trillion, there will be a bout of huge inflation or it could throw the economy back into a recession, in an interview with the Washington Free Beacon on Wednesday.