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04-04-14, 12:52 PM
Under the Federal Reserve Act, the Chairman of the Board of Governors of the Federal Reserve System must appear before Congressional hearings at least twice per year regarding “the efforts, activities, objectives and plans of the Board and the Federal Open Market Committee with respect to the conduct of monetary policy”, it is this Federal Reserve committee which makes key decisions about interest rates and the growth of the United States money supply http://en.wikipedia.org/wiki/Federal_Open_Market_Committee

Talented and selfless men and women has been an extraordinarily rewarding experience http://www.marketwatch.com/story/jeremy-stein-to-resign-from-federal-reserve-2014-04-03

Now here is how to resign http://www.federalreserve.gov/newsevents/press/other/other20140403a1.pdf

04-06-14, 01:52 AM
Don't recall a time in history where a member of the Federal Reserve Board abruptly resigned from the cushy, high-powered position. Not exactly a vote of confidence in the new "Fed Chair" Janet Yellen. Quite possibly, Janet is being setup as "The Patsy" to take the fall and the smart ones are getting out.

Yellen's Real-Life Examples of Unemployed Omit Criminal Records


"In her first speech as Federal Reserve chair, Janet Yellen told the stories of three people who had trouble finding work to illustrate her concern about the unemployed -- omitting the fact that two had criminal records that might have influenced employers' decisions on whether to hire them."

Yellen met personally with both people and knew about their records before the speech, according to a Fed spokeswoman who requested anonymity and declined to comment further.

The fact that Yellen omitted critical details about Poole and Brownlee shows "poor staff work or poor judgment," said Republican strategist Stuart Roy, founder of Strategic Action Public Affairs in Alexandria, Virginia.

Still, he thinks his gap in full-time employment is what's hurting his job prospects most. For that reason, he doesn't think Yellen's speech was misleading.

"She took the parts of that that show that regardless of what type of skill I have, to the employer that didn't matter," Brownlee said. "We need to get more people like Ms. Yellen in office."Becoming more obvious that a HUGE HAMMER is about to come down on the head of the Fed and poor little Janet will be in the WRONG PLACE AT THE WRONG TIME.