Listen: Fed, United States And Yellen discussed on Overnight re-air of day's programming
"Concerns when I first got to the fed, and I said some time ago that the concerns people raise any was appropriate to raise them, they didn't really kind of beer fruit. And we didn't see high inflation. We didn't see asset bubbles. We didn't see those kinds of things. So in the real thing is though again, I'd echo would Ben said about this conference that we're having this summer. And in fact, we're spending a whole year thinking about this. We're trying to engage with the public not just the profession, but with the public general to explain ourselves a little bit in this era of lower interest rates. How are we going to conduct policy? How are we going to communicate and use our tools in a way that keeps the inflation target credible? And serves the goals that were assigned. So I want to come back something you mentioned during your opening comments, both for example in two thousand fifteen twenty sixteen chair Yellen experienced a time when tightening time tighter monetary policy. United States tightened financial conditions around the world slow growth in emerging markets feedback loops that affected the US economy. It's real parallels. What we're seeing? Now, they're also some parallels to the taper tantrum in two thousand thirteen when the signal to he was not going to go on forever created some feedback.."