Paul Singer: Yellen Is Real Power In US As Inequality Perpetuated

The real power in the US is not held by the globetrotting President who “leaves snickers in his wake” nor the deadlocked Congress or any elected official.  In fact, the real power in the US lies with “a Ph.D.-toting economist named Janet Yellen who happens to be Chair of the Federal Reserve Board,” wrote Paul Singer in Elliott Management’s highly anticipated quarterly investor letter reviewed by ValueWalk. Also see: Paul Singer Warning On Financial Structure, Says Lobbyists Writing Law Like exclusive content about famous hedge funds? Sign up for our free newsletter to ensure you do not miss any articles….