Greenspan hid in complex, obtuse language; Bernanke was sheepishly evasive; Yellen repeats the blindingly obvious until you change the channel.
She resists breaking new ground by starting every answer with a recap of the most basic ideas and an explanation of everything the Fed’s said in the past. I call it the High School Teacher Approach.
Yellen today
Example:
Question: What can the Fed do about long-term employment?
Answer: A stronger economy can help long-term employment.
