Welcome to the new tw.morningstar.com! Learn more about the changes and how our new features help your investing success.

In the First 100 Days, Janet Yellen Puts Her Own Imprint on the Fed

A relatively smooth start is no guarantee of calm waters ahead.

Morningstar Editors 09 May, 2014 | 12:09

Published with permission from Knowledge @ Wharton, Wharton's online business journal.

In mid-May, Janet Yellen will complete her first 100 days as chair of the Board of Governors of the Federal Reserve System. After taking the helm of the Fed on February 3--with her official swearing-in a month later--Yellen has navigated an almost seamless entry into the new job, continuing both the style and substance of her predecessor Ben Bernanke, say Wharton professors. The only blip: a remark at her first press conference about when the Fed might start raising rates, which sent markets spiraling.

Yet, a relatively smooth start is no guarantee of calm waters ahead. Bernanke, for instance, enjoyed a quiet first year only to be hit by the biggest financial crisis since the Great Depression. Longer-term challenges may lie in wait for Yellen, too. Even as she and her colleagues tend to their immediate task at hand--carefully calibrating the Fed's response to the slow economic recovery--larger questions loom.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Member.

Register For Free

About Author

Morningstar Editors  -

Audience Confirmation


By clicking "accept" I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See "Cookie Consent" for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All Rights Reserved.      Terms of Useund      Privacy Policy.
© Copyright 2021 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy        Cookies