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Barack Obama "fired" the chairman of the Federal Reserve, Ben Bernanke, as he thanked him first for the great job all these years...Yellen, although she was still new and little known within the Fed circles, managed to persuade Greenspan that a little inflation is good for the economy. She presented him a research, which showed that it's possible to reduce the frequency and depth of recessions.
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If this comes true, it will be another bad sign. The Fed has done enough. More than enough. If anything, it has done too much. To put this type of mindset at the helm of the Fed is just another example of the government being out of control.
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