Mark Calabria on *Shelter From the Storm: How a COVID Mortgage Meltdown Was Averted*
Macro Musings with David Beckworth
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The Case for Janet Yellen
The three finalists really were Walsh, Taylor and Yellen. There really was a very strong constituency, particularly at Treasury for Yellen. So many of us were concerned that we thought she didn't understand what we were trying to achieve. It really wasn't until I think we had convinced the President to move away from Yellen that Treasury pivoted to Powell as a compromise. But it really was Treasury shifting to Powell as their compromise when they couldn't get Yellen through.
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