Episode 218 • • 24:44 - 29:18
218: Former Soviet Spy
Federal Reserve Board, New Governors and Inflation Policy
The Senate confirmation hearings for three new Federal Reserve governors—Peter Diamond, Sarah Raskin, and Janet Yellen—are examined. The hosts note that these 14-year appointments follow the passage of the financial reform bill. All three nominees are characterized as favoring inflationary policies to manage national debt during the current economic depression.