A glitch in the monetary matrix?
Fed watchers will recall that shortly after he departed the Fed to make way for Janet Yellen, Ben Bernanke first joined the Brookings Institution in DC (before also joining PIMCO and Citadel as an advisor), where he became blogger emeritus. Fast forward a little over three years, when deja vu has hit, and as Steve Liesman reported moments ago, Janet Yellen - who is still technically employed by the Fed until this weekend - will begin work Monday morning as a distinguished fellow at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution in Washington, DC.
In heading to Brookings, Yellen follows in the steps of former Fed Chairman Ben Bernanke and former vice chairman Donald Kohn, along with former top Fed staffer Nellie Liang.
Yellen, 71, spent 17 years in the Federal Reserve system, including four as chair, four as vice chair, three as a Federal Reserve governor and six as San Francisco Fed president.
In addition to blogging, what will Yellen do at Brookings?
The Hutchins Center seeks to "improve the quality and efficacy of fiscal and monetary policies and public understanding of them," according to the Brookings website
We doubt, however, that Brookings will be eager to distribute such Yellen op-eds as "no financial crisis in our lifetime."
It was not immediately clear if Yellen would also follow Bernanke in his more profitable ventures, and advise PIMCO how to trade Treasury derivatives, or frontrun retail traders at Citadel's HFT trading desk.
Thank you @federalreserve Chair Janet Yellen for your service to this great nation! pic.twitter.com/ZQko4cLNWF
— Steven Mnuchin (@stevenmnuchin1) February 1, 2018
Comments
It's an appropriate time to review the concept I read about here in the comments here on Zh years ago.
The Immense Power Of the Bowl Cut Hair Do
Janet Yellen and Mary Jo white have decent apprentice bowl cuts, but Bill Gross, he has a journeyman monastic masterpiece!
Off to a LEFT LEANING policy institute. Figures.
In reply to asdf by DownWithYogaPants
neokeynesian goes neocon
In reply to Off to a LEFT LEANING policy… by IH8OBAMA
Another powerful individual with a Bowl haircut: http://www.historyforsale.com/productimages/jpeg/178863.jpg
In reply to asdf by DownWithYogaPants
wiseguy, eh? BOOF
In reply to Another powerful individual… by American Psycho
Remember the leader of the 3 stooges? Had a similar haircut.
In reply to Another powerful individual… by American Psycho
kill that bitch.
and all her offspring (vomit!!!)
DEATH TO THE MONEYCHANGERS.
It's more convenient this way. Looks like the pitchforks will have one stop shopping at the Brookings.
In reply to kill that bitch… by Kaiser Sousa
What a difficult job- keeping rates Zero-bound and funneling trillions to the Zombie Banks.
In reply to kill that bitch… by Kaiser Sousa
Federal reserve scum.
Go play bingo now with your own filthy money.
In reply to What a difficult job-… by Juggernaut x2
Maybe she should come out of the closet and tell us all about how many unknown trillions are in the ESF.
You mean the one in her vagina?
untold gajillions
In reply to Maybe she should come out of… by Herdee
Puta gotta eat right?
So about 6 months until she tells the unwashed masses, that they should buy Gold.
What were the chances Yellen would wind up at a Conservative 'think tank'? She was 'non-partisan' after all.
Too cheap to retire.
My parents were the same way. Worked into their late 70s and then they dropped dead.
In reply to Too cheap to retire. by Farmerz
It seems that the Brookings Institute would benefit from some "fresh" thinking. Seems like they are rehashing the same logic and point of view over and over, much to the detriment of our banking system and economy.
But I guess you have to put her somewhere, although a pasture would be a better place.
She could always open up a Matzo ball soup kitchen next to Wall Street.
In reply to It seems to me that the… by Roger Ramjet
Working on her excuses for when things go up Shit Creek.
Yellen's move to the Brookings Institution is "transitory" and may change as certain conditions are met.
Sounds like a highly paid boondoggle.
In reply to Yellen's move to the… by John Kerry-Heinz
Dissect her brain.
"Work"??? These people never worked a day in their lives!!!
“...and public understanding of them,". Riiiiiiiggght. Why don’t we start by auditing you sick fucks so that the public can have some “understanding”. Unreal
A perverse observation about Power Elites is that they always walk away rich from their wreckage...
No she will follow Bernanke, in that she will sit afar and say......"I din doo nufin".........
Must’ve been tough keeping the stock mawket juiced for 4 years via unlimited money printing and interest rate manipulation. Now here’s your cush job at a liberal think tank where you can tell everyone how tough it was to conjure money from nothing and inject it into stock indices on down days.
when do they head out for the hidey hole in Judea?
The Mailroom manager better purchase a really good chair for her.....durable
Is that a portrait of Alexander Hamilton? How fitting.
WORK????!!! ME WORK???!! Maynard Krebs.
There's no real work when it's money from nothing and the chicks are free.