Federal Reserve Vice Chair Excoriates Congress For Failing To Boost The Economy

[ProfessionalLeftist]

After passage of the 2009 economic stimulus package, which helped save or create millions of jobs, Congress all but gave up providing support to the labor market. Instead, in the last two years, the nation’s deficits have been reduced by $2.5 trillion, with the overwhelming majority coming from spending cuts.

In a speech today, Federal Reserve Vice Chair Janet Yellen took policymakers to task for failing to provide support for the economy, noting that spending cuts have been a “headwind for the recovery“

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http://thinkprogress.org/economy/2013/02/11/1571451/yellen-congress-kills-recovery/

[Uncle Joe]

1. Kicked and recommended.

Thanks for the thread, ProfessionalLeftist.