Washington & Wall Street: Jobs Numbers Suggest Time for Fed to Change Policy

Townhall.com Staff
Posted: Dec 06, 2013 1:08 PM
Earlier this week I published an interview on Zero Hedge with my friend and mentor David Kotok, founder of Cumberland Advisors, entitled “Bagehot & Deflation: Interview with David Kotok.” The discussion generated a large amount of comment in the financial community, particularly regarding whether Fed Chairman Janet Yellen and the other members of the Federal Open Market Committee understand that the zero rate policies of the past five years may be accelerating deflation rather than expanding the economy.