Tom McKay

Former Fed Governor Laurence Meyer has discussed his views on Bernanke's likely successor, Janet Yellen in an interview with Wall Street Journal Global Economics Editor David Wessel. Regarding the Fed's latest decision and the influence of Yellen, Meyer said Janet...persuaded the centre of the committee and Bernanke to move toward a much more aggressive policy. He believes that Yellen will follow in Bernanke's consensus-building leadership style, saying no other chairman has worked so hard to build consensus and has shown some flexibility in building that consensus. So, he's been remarkable. And Janet is in that mould. However, he mentions the drawbacks of Bernanke's freewheeling style, saying we have two times in a row now where the Fed has quite dramatically surprised markets. (VIEW LINK)


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