

Janet Yellen: The Exit Interview
27 snips Jan 18, 2025
Janet Yellen, the Former Treasury Secretary and a groundbreaking economist, shares insights from her distinguished career. She discusses the potential for new sanctions on Russian oil and emphasizes the importance of open communication with China amidst economic tensions. Yellen reflects on her strategies to maintain U.S. economic stability while navigating political influences and the global oil market. With decades of experience, she highlights the critical balance between independence in policy-making and collaboration with international allies.
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Inflation Progress
- Inflation has decreased significantly from its 2021-2022 peaks, nearing the Fed's 2% target.
- Yellen hopes the Fed can control inflation without increasing unemployment.
Fed Independence
- The Fed's independence is crucial for its effectiveness and good macroeconomic outcomes.
- Independent central banks deliver better results, which is why there's a global trend towards strengthening their independence.
Shadow Fed Chair Risk
- A shadow Fed chair could cause confusion and disrupt markets, potentially harming the economy.
- Ultimately, Yellen believes the Fed would not be influenced by such a role.