October 10, 2013
Janet Yellen’s Triple Mandate: Jobs, Inflation, and Wall Street

Most of the commentary about Janet Yellen, President Obama’s historic choice to lead the Federal Reserve, is focused on her views about controlling inflation and unemployment, the Fed’s twin mandate. (And here, promisingly, the “dovish” Yellen has said clearly that she is more concerned about unemployment, which is a huge problem, than she is about inflation, which presently is not.)
But another huge part of the Fed’s job, especially since the 2008 financial crisis, is re-regulation of the banking system and Wall Street, where Yellen will finish the task that Ben Bernanke started.
Read more. [Image: Reuters]

Janet Yellen’s Triple Mandate: Jobs, Inflation, and Wall Street

Most of the commentary about Janet Yellen, President Obama’s historic choice to lead the Federal Reserve, is focused on her views about controlling inflation and unemployment, the Fed’s twin mandate. (And here, promisingly, the “dovish” Yellen has said clearly that she is more concerned about unemployment, which is a huge problem, than she is about inflation, which presently is not.)

But another huge part of the Fed’s job, especially since the 2008 financial crisis, is re-regulation of the banking system and Wall Street, where Yellen will finish the task that Ben Bernanke started.

Read more. [Image: Reuters]

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