Yellen Rebuffs Committee

Janet Yellen Shames Congress For Austerity, Being Terrible:

It looks like Janet Yellen will have no problem tackling one of Ben Bernanke's most important jobs: shaming Congress for ruining the economy.

Yellen reminded lawmakers of their sheer terribleness during a Senate Banking Committee hearing on Thursday about her nomination to replace Bernanke as chair of the Federal Reserve when his term ends in January. Republican senators moaned and groaned, as usual, about the Fed's extreme easy-money policies. Yellen reminded everybody that Congress has forced the Fed to act by constantly imposing harsh austerity measures on an economy still recovering from a financial crisis and deep recession...