Dollars and Jens
Friday, February 08, 2008
Janet Yellen
What I find most interesting about these comments from Janet Yellen is
I consider it most probable that the U.S. economy will experience slow growth, and not outright recession, in coming quarters.
Me, I'm increasingly confident that recession started in November or December. Yellen is perhaps the most dovish FOMC participant — more than any of the governors or any of the other 11 bank presidents — and I kind of thought she had a softer view of the economy than that, though I did think it mostly came from a prioritization of short-term growth over price stability. (She claims to be sanguine on that front.)

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