Janet Yellen’s Nomination and Her Confirmation’s Impact on Monetary Policy

Posted on October 10, 2013 by


Yesterday Barack Obama nominated Janet Yellen to become Chairwoman of the Board of Governors of the Federal Reserve. Borrowing from Stanly Kubrick’s classic film Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb and with apologies to Slim Pickens, this is how I perceive Yellen’s nomination (and subsequent Senate confirmation) will impact monetary policy.

Monetary policy before Yellen’s confirmation:







Monetary policy after Yellen’s confirmation: