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\\n \\t* Today Janet Yellen was up on Capitol Hill, it was the first of her 2-day testimony
\\n \\t* She was before the U.S. Senate today; tomorrow she will be testifying before the House of Representatives
\\n \\t* She talks about monetary policy; we have a bunch of Senators and Congressmen who engage in political grandstanding
\\n \\t* To me, a lot of the people asking Janet Yellen questions are really just trying to speak for sound bites for the media, trying to score brownie points for their constituents
\\n \\t* \\xa0One senator had to make some comment about global warming - do you think global warming is one of the things the Fed considers when it sets monetary policy?
\\n \\t* Elizabeth Warren is trying to get Janet Yellen to criticize the Trump administration\'s efforts to pull back Dodd-Frank
\\n \\t* Because she believes it was the bank that caused the financial crisis
\\n \\t* She doesn\'t lay any of the blame at the foot of Congress or the Federal Reserve or the artificially low interest rates
\\n \\t* She thinks it was just Wall Street greed that blew up Wall Street and that the reason we haven\'t had another financial crisis was because of the great legislation Dodd-Frank
\\n \\t* And that somehow, if any bit of that is rolled back,\\xa0 it\'s going to unleash another wave of rampant Wall Street speculation and blow up the economy all over again
\\n \\t* Probably one of the dumbest comments from one of the senators is why we need more minorities on the Federal Reserve
\\n \\t* The senator commented to Janet Yellen that we needed more African Americans on the Fed because they represent a significant percentage of the population, of the work force, and they need some representation at the Fed
\\n \\t* I\'m thinking, "What is this guy talking about?"
\\n \\t* Do you have to be black to conduct monetary policy on behalf of other blacks?
\\n \\t* Does that mean that only whites can conduct monetary policy for whites?
\\n \\t* What is black monetary policy?
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