Wednesday, July 15, 2015

Yellen's Reading Voice

Should Yellen be really teaching first grade, instead of heading the Fed?

Fed Chair Janet Yellen's was on the Hill this morning testifying before the House Committee on Financial Services. WSJ's Sudeep Reddy has sat through many of these and comments:
We’ve had the joy of sitting here over the years listening to three Fed chairs. Janet Yellen seems the least bored in reading her written testimony.

Alan Greenspan had a whole strategy around it, as we saw with the impenetrable language he often used. Bernanke never embraced the theater of it all — one reason lawmakers liked him personally — and just read it because he had to actually utter the words he wrote. Yellen looks like she’s trying to bring in pauses and emphasis at the right moments, even when she’s discussing PCE inflation.

She seems as though she would be good at reading, "See spot run." But wait till the next crises hit, then lets see what kind of drama she puts into discussing: crashing bond market; out of control price inflation.

-RW

3 comments:

  1. "But wait till the next crises hit, then lets see what kind of drama she puts into discussing: crashing bond market; out of control price inflation."

    She'll probably use the example given to us by George Bush, when he was reading "The Pet Goat" as planes were slamming into buildings.

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  2. I figure Yellen just does what she's told.

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  3. We will be reading "see Yellen run".

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