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Yellen's Comments and the Age of Orthodox Heterodoxy

Yellen's Comments and the Age of Orthodox Heterodoxy

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Jon Turek
May 07, 2021
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Cheap Convexity
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Yellen's Comments and the Age of Orthodox Heterodoxy
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Comments from Treasury Secretary Janet Yellen have been the topic of the week.

“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat.” – Secretary Yellen

Outside the usual overreaction cycle, especially since Yellen has since clarified her remarks, there is something noteworthy about these comments. Whil…

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