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re: Yellen's Testimony to Congress
Posted on 2/11/14 at 12:58 pm to BennyAndTheInkJets
Posted on 2/11/14 at 12:58 pm to BennyAndTheInkJets
I'm not seeing much incremental information here.
She's more direct than Ben or Alan. She weights labor more heavily than inflation. She agrees the U-3 is an imperfect measure of employment. She doesn't blame the U.S. for the recent EM woes.
It seems she'd distinguish herself most in periods of economic turmoil as opposed to a period of slow recovery. Were she Fed chief in 2008/2009, maybe she'd have acted differently. But do I see her acting more differently than Ben would today? Not really.
She's more direct than Ben or Alan. She weights labor more heavily than inflation. She agrees the U-3 is an imperfect measure of employment. She doesn't blame the U.S. for the recent EM woes.
It seems she'd distinguish herself most in periods of economic turmoil as opposed to a period of slow recovery. Were she Fed chief in 2008/2009, maybe she'd have acted differently. But do I see her acting more differently than Ben would today? Not really.
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