The next president of the United States—and many of her colleagues up on Capitol Hill—don’t think much of New York Fed President Bill Dudley. When they look at his goofy smile, all they see is a lack of “rigorous accountability for conflicts of interest and failures of oversight.” Someone “essentially… hired by the people” he’s regulating; someone who might be best put out to pasture.
A few months back, Janet Yellen suggested that more Americans do their patriotic duty and quit their jobs, the better to demonstrate confidence in their ability to find another one because they economy is doing oh-so well. As in previous times of national crisis, her countrymen are listening to such exhortations. Read more »
Janet Yellen apparently needs to sit her boss down for a frank talk re: how much she’s valued by this organization. Read more »
Far be it for Larry Summers to tell the person who he was passed over for the Fed Chairman gig how to do her job but… Read more »
The Wall Street Journal reports that Hillandale residents have a lot of complaints about the Fed Chair’s secret service team (their guns, their security cameras, their trucks, the fluid said trucks apparently spill onto the street), but chief among them appear to be their corpulence. Read more »
Standing at the podium at Yankee Stadium for NYU’s commencement Wednesday, Janet Yellen was inspired. Not by the 27 championships and history of greatness and fantastic, unceasing ability to print money, which is, by right, her job. Instead, the first woman to head a major central bank looked at the 66% of the time Babe Ruth and Lou Gehrig didn’t get a hit, to ignominious choke-jobs in decade-old playoff series, perhaps even to the travails on Steve Cohen’s new drinking buddy, dug deep, and told the 22 year-olds to get ready for failure. Read more »
The new Fed chair needs a bit more practice to perfect Ben Bernanke’s somnolescent, market-soothing vocal timbre, as the Beard’s brief Era of Good Feelings fails to survive him by even one meeting. Read more »