The world hangs on every word uttered by Grandma Yellen as if she controls the world. Why doesn't the average American see through the smoke and mirrors? The current monetary policy of the Federal Reserve is beyond ridiculous based upon history and the economic numbers being pumped out by the government. The world is so fucked up and the people so delusional or ignorant, they don't realize the entire economy and financial system has been captured for the benefit of Yellen's owners on Wall Street. Here is a little comparison to show how ridiculous Yellen's policies are at this moment.

GDP growth 2nd quarter 2007 – 3.1%

GDP growth 2nd quarter 2014 – 4.6%

# of Americans employed 2007 – 146 million

# of Americans employed 2014 – 147 million

Unemployment Rate 2007 – 4.7%

Unemployment Rate 2014 – 5.8%

Fed Funds Rate 2007 – 4.75%

Fed Funds Rate 2014 – 0.10%

money market returns for little old ladies 2007 – 4.25%

Money market returns for starving little old ladies 2014 – 0.09%

So we have an economy supposedly growing faster than the economy in 2007. We have more people employed than 2007 and according to the government and mainstream media we are adding 300,000 jobs per month. The unemployment rate has plummeted from 10% to 5.8%. Home prices have risen by 25% since 2012. The stock market is near all-time highs. Corporate profits have never been higher.

Can someone please explain to me why the Federal Reserve would need to keep interest rates at 0% if the all of the above is true. Based upon the figures from 2007, the Federal Funds rate should be at least 4%.

So is the government lying about the economic figures or is Yellen lying about the need for emergency level interest rates? Do you now understand who Yellen works for? It's really really hard being the Federal Reserve Chairman. You have to decide whether to not raise interest rates or not raise interest rates, depending upon what Jamie Dimon instructs you to do.