Hawks and doves at the Fed

Female managers tend to seek consensus, and it looks as if we can be certain that Yellen will have whatever organizational support she requires to keep the Fed’s monetary policy as expansionary as possible.  Notice that she is considered to be even more dovish than Helicopter Ben. And one of the newcomers, Kocherlakota, is arguably even worse.  In 2011, he claimed that the Federal Reserve didn’t cause the housing bubble, and worse, that he was “agnostic” with regards to what did cause it.

So, we not only have Tweedledim at the Fed, but Tweedledimmer voting to support her futile attempts to print credit in 2014.