The chair of the Board of Governors of the Federal Reserve System spoke at the Stern School of Business on Nov. 21 just one day after she announced she would be stepping down from her position.
Instead of imposing sub-zero interest rates to improve the economy, the Fed should stick to stimulative measures like the purchase of bonds through quantitative easing.
As an academic, Janet Yellen has shown to have a progressive view of economics. But as head of the Federal Reserve, will she take a more active approach than her predecessor?
