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#48 – Janet Yellen

#48 – Janet Yellen published on No Comments on #48 – Janet Yellen

Janet Louise Yellen is an American economist at the Brookings Institution who served as the chair of the Federal Reserve from 2014-2018, and as Vice Chair from 2010-2014. Previously, she was president and chief executive officer of the Federal Reserve Bank of San Francisco; Chair of the White House Council of Economic Advisers under President Bill Clinton.

 

In a 2005 speech in San Francisco, Yellen argued against deflating the housing bubble because “arguments trying to deflate the bubble outweigh those in favor of it” and predicted that the housing bubble “could be large enough to feel like a good-sized bump in the road, but the economy would most likely be able to absorb the shock.”1http://www.frbsf.org/our-district/press/presidents-speeches/