- Recently, President-Elect Joe Biden named Janet Yellen to be his administration's Treasury Secretary. Yellen quickly proclaimed the reason "I became an economist was because I was concerned about the toll of unemployment on people, families, and communities."
- Such provides excellent commentary, but her track record as Federal Reserve Chairman shows she is more for the top 10% of the economy than the bottom.
- In reality, and what the markets already suspect, her appointment is an "arranged marriage" to the Fed.
For further details see:
MacroView: Yellen's 'Arranged Marriage' To The Fed