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Thread: Janet Yellen

  1. #1

    Default Janet Yellen

    Janet Yellen says second-quarter GDP could decline by 30% and unemployment is already at 12%-13%

    Former Federal Reserve Chair Janet Yellen said the current unemployment rate could be 13% while economic growth is down 30% or more.

    Yellen expressed some doubt as to whether the U.S. recovery will signal a quick recovery shaped like a “V.′

    Yellen told CNBC the current situation is a “huge, unprecedented, devastating hit” though it is not in the same category as the Great Depression.
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  3. #2

    Join Date
    Sep 2006
    Upstate NY
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    Default Re: Janet Yellen

    You knew this was coming, right?

    "Cryptocurrencies are a particular concern," Yellen responded. "I think many are used—at least in a transactions sense—mainly for illicit financing."

    She said she wanted to "examine ways in which we can curtail their use and make sure that [money laundering] doesn't occur through those channels."


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