What Fed’s Monetary Policy Could Look Like Under New Leadership
With news that President Obama will nominate Janet Yellen as the next chair of the Federal Reserve (to replace Ben Bernanke when he steps down on January 31, 2014), I think it’s important to take a look at how monetary policy could change under her leadership.
Yellen has been part of the Federal Reserve system for quite a long time. In one sense, the market will see her as a continuation of the current monetary policy initiatives, as she has been quite close with Bernanke, helping shape the viewpoint of the current Federal Reserve on monetary policy.
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