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Tag: fed chair

Janet Yellen Gives Her Clearest Comments Ever About How She Missed The Crisis And How She Sees The World

In Nicholas Lemann's profile of Fed Chair Janet Yellen in this week's "New Yorker," Janet Yellen says she knew the housing market was dangerous before the financial crisis. "In 2005 and 2006, [Yellen] began to be concerned that there was a dangerous bubble in in the housing markets," Lemann writes. From Lemann's profile: "'I'm sorry that light bulbs didn't go off in my head a couple of years [...]

El-Erian: Fed’s Easy Money Policy Is ‘All-In Bet’ – Moneynews

Tuesday, 08 Jul 2014 01:45 PM By Dan Weil via Moneynews The Federal Reserve's continuation of a highly accommodative policy represents an "all-in bet" by Fed Chair Janet Yellen that the easing will bring economic growth before the policy reaches the point of causing financial instability, says former Pimco Co-CEO Mohamed El-Erian. The Fed is expected to leave its federal funds rate target at a[...]