Yellen Rattles Markets With Rate Talk

The transcript discusses Janet Yellen's comments on market movements and Fed independence, which led to market reactions and a White House response. Yellen later clarified her stance, emphasizing her respect for Fed independence and addressing inflation concerns. She disagreed with Larry Summers on the potential overheating from stimulus size. The transcript also provides historical context on the rarity of former Fed chairs commenting on current policy.

How did Yellen's comments affect the perception of the Federal Reserve's independence?

What clarification did Yellen attempt to make regarding her previous statements?

What reasons might Yellen have had for wanting to 'walk back' her comments?

What was Janet Yellen's stance on inflation during her interviews?

What unusual behavior did Yellen exhibit as a former Fed chair?