Janet Yellen, the Chair of the U.S. Federal Reserve Bank answered questions today after a meeting of the Fed and a release of the monthly Fed statement of intent.
It occurred to me that a lot of what the markets and what onlookers and decision makers get from press conferences Q/A sessions is a visual portrait of the Federal Reserve as represented by the image of the Chair of the Fed.
What was the gestalt image of past Fed chairmen?
The question in the back of my mind is whether the world can stay confident in this latest Fed chair. The financial world expects the Fed to take the necessary steps to control inflation if and when it rears it's head. Inflation is a monetary phenomenon. Meaning that if a currency stays strong, inflation is low.
Will the world keep confidence in the U.S. Dollar. Will a break in confidence cause inflation and would a lack of confidence in the Fed Chair cause the break?
I have no conclusions. Just questions.