The Fed took the bait. On October 30, political activist Ralph Nader penned an open letter from “the Savers of America” to Chair Janet Yellen at the U.S. Federal Reserve to share his dissenting views on monetary policy. And on November 23, Ms. Yellen submitted her open letter response to Mr. Nader. A notable exchange to say the least that warrants a closer review, particularly the response from Chair Yellen.
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