“I am hopeful that the first digit [ of GDP growth] could be 3 rather than 2… and [that] inflation will move back toward our longer-run goal of 2%.”
A sustainable 3% growth with 2% inflation raises the interest costs of the bankrupt DC to about 15% of the budget. Add Obamacare costs, and that means sixty rural Senators, all of them dim, will plug a 15% hole in the budget, using taxes and cuts, within the year. Yellen needs a lesson in government.
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