Yellen Advocates Insane Boom-and-Bust-Cyclical Policy

``"By keeping interest rates unusually low after the zero lower bound no longer binds, the lower-for-longer approach promises, in effect, to allow the economy to boom," Yellen said in remarks delivered at a Brookings Institution conference. "The (Federal Open Market Committee) needs to make a credible statement endorsing such an approach, ideally before the next downturn."'' -- Well, now they've just come out and said it. They figure they just can't stop the busts, so might as well inflate the booms more; that will certainly work swimmingly...