IMF’s Largarde suggests sexism is at play in Wall Street’s criticism of Yellen
Article here. Excerpt:
'Some of the criticism from Wall Street aimed at Federal Reserve Chairwoman Janet Yellen is due to sexism, International Monetary Fund managing director Christine Lagarde suggested Sunday.
“[Yellen] receives a lot more criticism, in my view, than many of her predecessors in many ways, given the great job she is doing,” Lagarde said during in a conversation with author Michael Lewis before a large audience at IMF headquarters.
Many on Wall Street have said the Yellen Fed lacks a clear road map for interest-rate policy and has suffered from poor communication.
Lewis had started the conversation by saying that whenever he sees a woman given a position of prominence in finance, he has a sense that “she was there for one reason — to take the fall if things go wrong.”'
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Nothing like the $hit Greenspan took
'nuff said.