Money and the Mideast: <br>How Fed’s Janet Yellen <br>Could Affect Israel Pact
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Thousands of pro-Israel activists converging on Washington next week for the annual conference of the mighty pro-Israel lobby, the American Israel Public Affairs Committee, will hear from Vice President Biden, Hillary Clinton, and Donald Trump. One person important to the future of the America-Israel relationship, though, is missing from the conference agenda: the chairman of the Federal Reserve, Janet Yellen.
Mystified by what monetary policy has to do with national security and the Middle East? It turns out that looming over the conference, and over the America-Israel relationship overall, is the question of the future of the $3.1 billion a year in military aid that America gives to the Jewish state.
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