Thursday, February 27, 2014

Janet Yellen Timid And Not Confident?

Giving Testimony


I watched this morning (2/27/2014) a few minutes of her testimony before the U.S. Senate today on TV. She was grilled by imposing and cock sure Senator Chuck Schumer from New York.


I don’t know what the Senator from NY was doing. He was reading his long winded, arcane questions off a script by holding his hands in front of his forehead and not looking at her at all. He was not engaging the chairwoman. Was he just trying to run out the clock?


Yellen’s Appearance


She appeared to be meek, intimidated and not confident at all to answer Senator Schumer’s questions. Was this just a typical female tactic or is this her nature?

What did the senators notice when they interviewed her one on one during the vetting of her candidacy?

The Next Chairperson Should Not Be A Professor

As one lesson learnt here, next time we should not choose a university professor to become the next chairperson of the Fed.

A person from the financial sector with real world experiences might be better suited.

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