Yellen Starts Work At Brookings Institution On Monday

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.

 

Comments

Roger Ramjet Feb 2, 2018 11:13 AM Permalink

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.

Janet smeller Feb 2, 2018 11:25 AM Permalink

“...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 

Games Without … Feb 2, 2018 11:30 AM Permalink

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.