Janet Yellen

Janet Yellen: Yellen has supported the bond buying programs and was a driving force behind the strategy adopted in 2012 to commit the Central Bank to goals on inflation and unemployment with emphasis on policy to really encourage full employment in the economy. Given this position it is felt her withdraw of stimulus will be cautious, according to CTV. Many will be looking for clarity from her, after being blindsided when the Fed didnt begin the tapering process in September that left many scratching their heads and One of the worse kept secrets in Washington has now been confirmed Janet Yellen will be the next Chair of the Federal Reserve and will become the first female leader in its 100 year history. By all accounts she was the logical choice. She is experienced, even tempered, a noted economist and was widely favoured for the position. As well, her experience is timely given that she was on the Fed policy making committee the last time parts of the US bureaucracy was shut down and that was 17 years ago. Plus if you go back to 2007 and she was among the 1st to warn how severe the housing situation was becoming most assumed prices were going to be flat when she said what if they go down. Of course today we know how right she was. (www.immigrantscanada.com). As reported in the news.