Janet Yellen

Within the next few months the Obama administration is expected to announce a nominee for Ben Bernanke's replacement. Two names have been bounced around recently: Janet Yellen and Larry Summers. According to Google Trends, here is what…

I am not a fan of quantitative easing or zero rates. I think that is clear from my posts over the past 4 years. Nevertheless, I do like to link out to posts that put QE and zero rates in a more favourable light because we need to get a…

I mentioned Fed Vice Chair Janet Yellen's speech in the last post. I tend to like the way she phrases things because her statements are the clearest of all of the major FOMC policy makers. This speech is in that vein. If I could summarize…

Robert Shiller sees telltale signs of new bubbles forming in some of the former bubble markets. He mentions Phoenix and San Francisco as two notables.

The big news yesterday was that Ben Bernanke did not back up Janet Yellen's dovish commentary from the night before. Fed Chair Bernanke did say that the Fed was prepared to use unconventional measures to maintain an accommodative stance.…

The following is the text of a much anticipated speech Fed Vice Chair Janet Yellen gave at the Boston Economic Club Dinner, in Boston, Massachusetts on monetary policy last night. Yellen emphasized the need for the Fed to remain…

The debate over another round of asset purchases seems to be getting less play than the debate over guidance, and the real Troika of BYD (Bernanke, Yellen and Dudley) are reading from the same song book. They are maintaining the view of…

Last week, when discussing what QE3 could look like I indicated that were the Federal Reserve to start expanding its balance sheet, QE3 will see interest rate caps after a pause and period of reflection. Let me address the differences…

Unfortunately, the US economy has weakened somewhat and so the speculation about QE3 has gathered apace. Let me say a few words on this topic here.

What we would like to see is commodity prices falling or stagnating. And that would certainly be the case if demand destruction is already beginning as the IEA analysis suggests. Moreover, QE is ending in June. So that won't be a factor in…