IDEAS home Printed from https://ideas.repec.org/p/iie/pbrief/pb13-30.html
   My bibliography  Save this paper

Five Challenges for Janet Yellen at the Federal Reserve

Author

Listed:
  • David J. Stockton

    (Peterson Institute for International Economics)

Abstract

Janet Yellen, who will serve as the 15th chair of the Board of Governors of the Federal Reserve System after her likely confirmation in December 2013, faces some formidable challenges as the economy and financial system continue to recover from the long-lasting effects of the global financial crisis and the accompanying Great Recession. Stockton lists five key challenges: (1) exercise caution in further scaling back the Fed's third round of large-scale asset purchases, known as quantitative easing (QE3); (2) attend to the dual mandate of the Federal Reserve—the twin objectives of achieving maximum sustainable employment and stable prices; (3) improve integration of financial stability considerations into the monetary policy framework; (4) further improve the Fed's communications and transparency; and (5) effectively lead the regulatory mission of the Federal Reserve.

Suggested Citation

  • David J. Stockton, 2013. "Five Challenges for Janet Yellen at the Federal Reserve," Policy Briefs PB13-30, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb13-30
    as

    Download full text from publisher

    File URL: https://www.piie.com/publications/policy-briefs/five-challenges-janet-yellen-federal-reserve
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iie:pbrief:pb13-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peterson Institute webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/iieeeus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.