In this introductory post to this series, I am mostly please to introduce you Janet Yellen, the FED CHAIRMAN !
for a quick Bio read : https://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm
But here are my opinions: she is the greatest FED CHAIR ever !
don't believe me? hear her answer to Dr Adams from today hearing... just what is expected from a natural human being.
What was it about? Dr Adams asked about the disparity of job prospect between white and blacks. Yellen answered masterfully. Then Adams asked about the effect of incarceration rate of black people and the impact on their job prospect. Again, Yellen nuked it. She understands fully what is going. That the so called drug war is a racist policy bent on jailing blacks to destroy their job and credit prospects. Simple as that.
Then Yellen with the introduction of true speech, devoting a lot of time to explain the FED job to who ever was ready to listen, revolutionize the relation between the broad market and the FED policy.
So yes I am very proud to have her as my first individual in this series. And express herby my full support for what ever she may do after her tenure.
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