Meet Janet Yellen, Chief Risk Officer, Planet Earth
Market participants are going to be seeing quite a bit more of Janet Yellen for the foreseeable future.
Late in 2020, news of her nomination for Treasury lent a helping hand to calls for a year-end melt-up across markets.
The idea, generally speaking, is that she'll facilitate the kind of fiscal-monetary partnerships seen as key not just to reviving growth in the post-pandemic world, but also to ameliorating socioeconomic strains.
That latter bit is ironic given the Fed's role in perpetuating
You don’t seem to favour Yellen. Give me her over slimy Mnuchin or antiquated Summers anytime.
I absolutely favor Yellen. You’ve misread my tone somehow. My affinity for Janet Yellen is well known to most readers.
I’ve got a fever, and the only prescription is more Yellen!
Yellen is favored here.
Canuck, I see him glowing effusively over yelling not lacking in favor. I would certainly agree that we can sleep more easily now. Now that our risk manager is not our primary risk.
Yellen not yelling
If Treasury, Congress, Federal Reserve and US banks worked together- our country could take a giant jettson forward, on many levels.
I included US banks- because right now they are doing minimal lending and to restart small, private business, loans will need to be made available.
This could be the start of a loving, tender monetary-fiscal partnership. As silver-tongued as Ms. Yellen is in her PR work, I have to wonder if Jay Powell will be wooed now that inflation signals are starting to show. I suppose it’s time to start carefully parsing Fed communications again — or rather, to rely on my trust economic anger interpreter H to do that for me.
Yellen, evidently, sees the Fed as not completely independent.
Does anyone seriously think The Fed is independent?
What better way to reduce inequality than by giving money to those you favor and withholding it from those you do not (the higher income brethren).