Re:Silicon Valley Bank unmasks the hypocrisy of libertarian ...
by RayVR on Wednesday March 15, 2023 @08:36AM
(#35167317)
Are you a trader? I traded global rates markets from 2012-2020 and yellen was probably the best central bank head I saw. She was the most stable and consistent. I would argue she was the least beholden to market pressure out of any bank head, except perhaps Draghi, who just did not care much the last couple years. She was also the least likely to react to congress or press questions and cause unnecessary market volatility.
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Re:Silicon Valley Bank unmasks the hypocrisy of libertarian ...
by AdamN on Wednesday March 15, 2023 @08:42AM
(#35167395)
Yeah this previous comment is probably just good ol' fashioned misogyny. There's no consensus that Yellen is quick to fold from the previous crisis - these people also have real responsibilities so it's not necessarily 'folding' anyway to respond to stakeholders.
Re:Silicon Valley Bank unmasks the hypocrisy of libertarian ...
by aetherane on Wednesday March 15, 2023 @08:51AM
(#35167511)
There is also no evidence that the previous comment was made due to misogyny.
Re:Silicon Valley Bank unmasks the hypocrisy of libertarian ...
by pclmulqdq on Wednesday March 15, 2023 @08:49AM
(#35167487)
I was in Wall St for the end of her tenure. I admired her handling of the beginning of her time as Fed chair (not raising rates too early when Wall Street was yelling for it), but IMO she ended up folding to pressure from politicians and Silicon Valley types to keep rates low for far too long. She was very good at not listening to the market (which is arguably a bad thing - when your rate target is 0-25 bps and rates are trading at ~20 bps, maybe you should listen?) or to the traditional Wall Street types, though.