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Janet Yellen


Former Governor, Board of Governors of the Federal Reserve; Chair, President's Council of Economic Advisers (1997–1999).

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Recent Commentary

MONEY RULES: The Role of the Federal Reserve

with Michael J. Boskin, Janet Yellenvia Uncommon Knowledge
Wednesday, January 9, 2002

Interest Rate adjustments by the Federal Reserve are among the most closely watched and anticipated of all economic policy decisions. Yet many economists believe the Fed no longer has the power it once did to regulate the economy. So just how powerful is the Fed today? What tools does the Fed have to regulate the economy, and how should they be used?