With the crybaby aristo, all that effort was spent on his career in politics; Ms Yellen, on the other hand, is doing something far more important. The key fed funds rate has been dragging along just above zero ever since the banking crash. In December 2015, it was nudged up by a quarter of a percentage point by Ms Yellen and her colleagues at the Federal Reserve. Last Friday was the turn of Ms Yellen. Whatever their rhetorical concern for the Jams, Theresa May and Philip Hammond are following an economic policy that does nothing to help them.

Source: The Guardian March 09, 2017 18:33 UTC