Described by Time Magazine as the woman who can “impact economies around the globe”, Federal Reserve Chair Janet Yellen stands as among the most respected and commanding economists in the world.
Yellen is a guiding force in the global economy and international monetary policy. Moreover, her tenures as the President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, the Chair of the White House Council of Economic Advisers, and business professor at the University of California, Berkeley (Haas School of Business) have made her one of the world’s most accomplished economists as well.
The first woman to hold the position of Federal Reserve Chair, Yellen has been breaking down barriers in the realm of finances and economics for decades. Often described as a “traditional Keynesian”, Yellen’s tenure at the Federal Reserve Chair has been marked by ‘dovish’ monetary policy – as she champions making pressing issues, such as unemployment, the overriding priority. As the New Yorker Magazine noted, “in a field noted for its conservatism and adherence to free-market orthodoxy, [Yellen] has long stood out as a lively and liberal thinker who resisted the rightward shift that many of her colleagues took in the 80s and 90s.”
‘Janet Yellen Reader - A Collection of Federal Reserve Chair Janet Yellen’s Most Influential Economic Insights’ provides a fascinating celebration of her work to date with a collection of over twenty of her most important speeches as Chair, personally selected by the Ashfield Journal of Progressive Economics Studies editorial staff for their lasting significance and influence on global markets and macroeconomic policy, on a range of the most important monetary and economic policy issues facing America and the world today – including her landmark addresses on income inequality and low-income communities.
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This is a collection of some of Janet Yellen's speeches from her time as chair of the Federal Reserve. The selection of speeches is pretty solid in that they cover a variety of themes, including what was happening in the economy at the time, what the Fed was doing about it, what research shows about economic trends, and what research needs to be done. I especially appreciate that many of the speeches dealt with Yellen's approach to macroprudential policy, an approach that will likely evince in her current role as Secretary of Treasury as well.