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Prof. David Weiman comments on Janet Yellen’s ability to communicate complex monetary policy

On TheStreet.com, economics professor David Weiman is quoted in an article about Federal Reserve chair nominee Janet Yellen’s ability to communicate complex monetary policy to the public. An expert:

"Call it a gift of Fedgab, because Janet Yellen has it. Former Federal Reserve Chairman Alan Greenspan was known for his so-called Fedspeak, which was a term often used about the central banker when he was intentionally ambiguous communicating Fed policy to markets. It was a tactic that current Chairman Ben Bernanke jettisoned as the U.S. economy rebounded from the worst recession since the Great Depression, particularly to communicate to fragile global markets how the Fed was supporting the recovery.

"That is the virtue, I think, of Yellen," said David Weiman, an economics professor at Barnard College.

Economists and analysts in interviews about Yellen, who President Obama nominated on Wednesday to be Bernanke's successor, said one of the central banker's strongest qualities is her ability to clearly communicate complex monetary policy."

Read the full article.

Prof. Weiman is the Alena Wels Hirschorn ‘58 Professor of Economics. He specializes in 19th and 20th century U.S. economic history and the political economy of contemporary U.S. criminal justice policy. His research in economic history focuses on the evolution of banking-payments and telecommunications networks.