Speaking for committee is hard when it’s at loggerheads
by Greg Robb
WASHINGTON (MarketWatch) — Federal Reserve Chairwoman Janet Yellen may run into trouble this week if she tries her usual practice of using her press conference to bridge the gap between hawks and doves at the U.S. central bank.
Yellen has made it a practice at her quarterly press conferences to speak on behalf of the entire Fed policy committee, choosing to let her own views remain a mystery.
“She feels like she’s got to be Miss Neutrality,” said Robert Brusca, chief economist at FAO Economics.
Previous Fed chairman have always spoken as chairman. “She seems unwilling to do that,” Brusca said, calling it a “dangerous” practice.