Yellen imitates Greenspan in reversal of mid-1990s rookie role
In 1996, she had visited then Fed chief to push for higher rates; now, some of her fellow officials are doing same
Washington
WHEN Janet Yellen was a rookie policy maker in September 1996, she and fellow Federal Reserve governor Laurence Meyer visited Alan Greenspan's office to make a pitch for higher interest rates.
With unemployment near 5 per cent, they were worried about inflation kicking up if joblessness dropped much lower.
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