How To Guide For: A Look At Janet Yellen's "High Pressure Economy" Theory

Janet Yellen is a leading American economist who served as vice chairman of the Federal Reserve Board of Governors since 2010 until becoming the first woman to become chair of the board in 2014. In 2004, Yellen became president and CEO of the Federal Reserve Bank of San Francisco, showing remarkable insight into the country's economic situation as one of the few economists to forecast the housing crisis of 2008. In 2010, she became vice chair of the Federal Reserve. Yellen has been an outspoken advocate for using the powers of the Federal Reserve to reduce unemployment, and has seemed more willing than other economists to risk slightly higher inflation to accomplish this goal. Last Friday October 14th Janet Yellen encouraged a "high pressure economy" to help reverse the lingering effects of the Great Recession of 2008-2009. Janet Yellen's "high pressure economy" would mean that more workers would be hired, would spend more and motivate more investment by business. Janet Yellen's theory also suggests that we allow inflation to form in order to set right the damage of the last recession. Can this "high pressure economy" theory work and is it something that is needed now. There is much more on this "High Pressure Economy" theory. To get more in depth information -- click the pictures below to read the articles.