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Janet Yellen: The Deft Central Banker Who Mastered the Art of Language
Yellen, 76, was the former chair of the Federal Reserve and the first female head of the Federal Reserve in its century-old history. ”The Economist” described this economist who smiled as kindly as “the aunt next door” as “everyone can adjust”. She is very popular among the market, politicians, and workers. A number of policy experts have imitated Yellen’s dressing habits and raised their collars to pay tribute to her. Both the progressive left and the conservative right can see something satisfactory in her. place. But if anyone thinks that she has reached the pinnacle of power in the world economy due to her “gentle” personality and charm, they are…
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Bracing for Impact: Analyzing the US Economy and Markets
The latest data released by the U.S. Department of Commerce show that the U.S. gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of this year, higher than the first quarter and stronger than market consensus expectations. In the first seven months of this year, the three major U.S. stock indexes rose collectively, and the Nasdaq index rose by 37%. The “big seven” set off a big bull market in technology stocks. Among them, Nvidia rose by 219% and Microsoft rose by 40%. It’s hard to imagine that this is a story that happened during the Fed’s most aggressive tightening cycle in nearly 40…
