Now that San Francisco Federal Reserve Chairwoman Janet Yellen has said it, it’s going to be hard for Bush – or McCain or Obama – to deny.
St Louis Fed Chairman James Bullard Now that San Francisco Federal Reserve Chairwoman Janet Yellen agrees on the recession, but is more worried about inflation in the future than Yellen.
Related to this, the Dow is down more than 500 in mid-afternoon trading.
Advantage theoretically to Obama, but, it’s going to increase the “talk in specifics” pressure on him about his plans to address it.
And, I would guess it will be in a debate question tonight.
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