A Fed duet: Janet Yellen in conversation with Ben Bernanke

On Tuesday, February 27, Dr. Ben Bernanke interviewed Dr. Janet Yellen on her career, her time at the Fed, her observations about the current state of the economy and the challenges that confront us.

Follow Brookings on social media!

[JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson

[JohnDaniels]

These two kept interest rates so low and now we're all paying the price for it with incredible inflation, just look at all the homeless that's happening and people having to 3 or 4 people living in the house it's out of control

[kaiser]

Good talk - love the nutter comments though. Almost like none of these people actually listened to the talk.

[juhyokang]

Ok yellen good oppa 동고동락 ㅡ SGIBank top chairman ok

[Pinkdam]

Janet Yellen (she replaced Donald Kohn, you know) talks with Ben Bernanke, and elsewhere also Paul Krugman, about Herschel Grossman, Joseph Stiglitz, Alan Blinder, Alan Greenspan... and George Akerlof who just happened to be there in the cafeteria! Perhaps you are interested in her conversation with Christine Lagarde? Or Krugman's with Robert Solow? I don't want to lower the tone, and I'm sure in abstract terms the lower bound, housing problems, 'irrational exuberance' etc. are all very interesting. But far from capitalistic concerns, I am brought to mind of V. I. Lenin, and his boiling-down of all political concerns as the question of: "who; whom". We cannot sensibly discuss forward guidance without knowing who are the forward guides, and who is guiding them forward.

[reggierichardson]

Congratulations Treasury Secretary Janet Yellen

[slovokia]

Janet Yellens microphone is clearly faulty - I hope someone fixes it before the next presentation is recorded.

[markcampbell]

The minimum wage act is the single most important boundary of business operations and practice. The misinformation regarding the minimum wage act and minimum wage or minimum standard of living is not prosecuted as war against the people of the USA.

[vince]

I heard she admired 'social justice' and I couldn't stop the alarm bells ringing.

[laturista]

I agree with Bernanke and Yellen's stance on Forward guidance. one tool that appears useful by the FED is the forward guidance strategy. When rates really start to hike, and the funds rate increases, and the banks prime rates follow suit, this will cause a signal to mortgage lenders to raise their rates too. Home owners are so used to low mortgage rates. By issuing forward guidance, this helps home owners be prepared. Real world example as evidenced by investopedia : " if the FOMC indicates that it expects to raise the federal funds rate in six months, potential homebuyers might want to get mortgages ahead of a potential increase in mortgage rates."

[SusanSt.James-]

The US may wish to have a Chairperson of the fed system that is not also the ceo. The chair would be non executive. The ceo would be the spokesperson for the system.

[mim]

for anyone who wondered what it would be like if the OC treasurer-controller who bankrupted OC county with financial gambling interviewed Bernie Maddof, this video will be great.
.

[markBalentine]

the really very important things in this video i'm gonna break down and see if it matches up with reality or their own words as fed chairman and woman if not i'll rip them to sheds with ease in the new year stay tune : )

[markcampbell]

The lack of concern for homeless population across the country as an aspect of economic conditions is gross misinformation regarding economic boundaries of business.

[counterpointapp]

The same people that think that a change in interests rates can move the world, see no problem in locking us at home for a year

[petekdemircioglu]

Yes. And women dont ask questions or lead @ Grad School. Or: So Ive been told by my teachers there.

[ilovejimrogers]

“Economics is Concerned with public welfare” - hahahahaha

[mohammedalam]

Alan Greenspan wrote the playbook that Bernanke and Yellen followed. They really dont understand what inflation really is and what the effects of quantitative easing truly means for an economy.

[Skeptik]

Real unemployment under 5%? Who are you trying to fool?

[Simon-plzi]

want to end perpetuation of war? Easy, end the Fed. for more information look up _Mads Palsvig_ ex Danish banker.