MAPI's Waldman: Yellen using bully pulpit to maximum advantage

04/16/2014 | Fox Business


Federal Reserve Chair Janet Yellen recently gave a speech on unemployment that was noted for its empathetic tone and focus on individuals' plights. It was a good, if not unusual, use of the Fed's bully pulpit, says MAPI Senior Economist Cliff Waldman. "She's using the leverage of her powerful new position to wake up Washington to the fact that the labor market recovery has been subpar at best and that there's still a lot of pain and dislocation out there," he says.

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