President Obama could soon announce his nominee to replace Ben Bernanke as the Chair of the Federal Reserve. Larry Summers, the Harvard professor and former Treasury Secretary with strong ties to the Obama administration, appears to be the favorite over Janet Yellen, the current Fed Vice Chair. In my September 2013 UCLA Economic Letter, I take a close look at one of the main knocks on Yellen ― that she may be too willing to let inflation rise in an effort to reduce unemployment. The charge has been repeated so many times that it's now taken as fact. But is it true?
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09/04/2013
The Myth That Janet Yellen Is ‘Soft’ On Inflation
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