Federal Reserve Chair Janet L. Yellen will join the Brookings Institution as a Distinguished Fellow in Residence with the Economic Studies program, effective Feb. 5.
Yellen will be affiliated with the Hutchins Center on Fiscal and Monetary Policy at Brookings, joining a team of several other leading economists, including former Federal Reserve Chair Ben Bernanke, who joined Brookings as a Distinguished Fellow in Residence in 2014.
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 13, 2017. Yellen said yesterday the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing a gradual approach to tightening as the Fed monitors too-low inflation. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
For reprint and licensing requests for this article, click here.
"For munis, a strong jobs report should reverse recent credit spread widening, while a weak jobs report should keep credit spreads around current levels," said BofA strategists.
As cutting the federal budget resonates as a central theme in the Trump administration, the Department of Transportation is getting a boost in appropriation proposals.