Sen. Pat Roberts, R-Kan., says he won’t confirm nominee Janet Yellen as chairman of the Fed because she “will continue the destructive and inflationary policy of pouring billions of newly printed money every month into our economy, and artificially holding interest rates to near zero.” Roberts is free to vote as he likes, but the zero interest rates and bond-buying have been in response to low inflation, not the cause of high inflation.
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'This too shall pass.' Then what?
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