Janet Yellen Looks Extremely Good in the 2008 Federal Reserve FOMC Transcripts

Having finally gotten to the end, I have one major reaction:

Janet Yellen looks really, really good–smart, coherent, convincing, polite, influential, effective, and with an eye on what the major risks and problems are. Maybe Eric Rosengren has a slight edge in terms of possessing the requisite degree of alarm. But the two of them are clearly head-and-shoulders above every single other member of the FOMC in their understanding of the looming crisis…