How Yellen's Senate Testimony Differed From House Remarks

The transcript covers Janet Yellen's recent remarks on inflation, suggesting it might not be as transitory as previously thought. This led to market movements, particularly in long-term interest rates. Despite this, Yellen's policy stance remains unchanged. The discussion also touches on potential successors to Yellen, with names like Gary Cohn, John Taylor, Glenn Hubbard, and Kevin Wash being mentioned.

What was Janet Yellen's perspective on the recent inflation trends?

• She believed it was a permanent change.

• She ignored the inflation trends completely.

• She thought it was a temporary phenomenon.

• She was certain it would lead to deflation.

How did the market react to Yellen's comments on long-term interest rates?

• There was anticipation for rising long-term rates.

• There was a significant drop in long-term rates.

• The market reacted with increased volatility.

• The market remained unchanged.

Which of the following did Yellen do differently in her recent remarks compared to the previous day?

• She changed her policy stance.

• She avoided answering any questions.

• She was more relaxed and skipped the prepared testimony.

• She read out her prepared testimony.

Who is widely expected to have a significant influence on choosing Yellen's successor?

• John Taylor

• Kevin Wash

• Gary Cohn

• Glenn Hubbard

Which candidate is known for creating a popular monetary policy rule?

• Gary Cohn

• Glenn Hubbard

• John Taylor

• Kevin Wash