Dr. Janet Yellen Explains Why Deflation Is the Biggest Economic Risk
|Running Time: 169 seconds
||Published: 2011-01-24 04:08:52
Amid the deepest recession of the postwar era, the Federal Reserve faces one of the gravest challenges of its 96-year history. Janet Yellen, President and CEO of the Federal Reserve Bank of San Francisco, assesses the state of the economy while explaining the thinking and the actions behind some of the Fed's precedent-shattering initiatives to rescue a financial system in crisis. She explains that deflation, and not inflation,
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