Excerpted Article from
Bloomberg Markets
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The shoe is on the other foot now.
Yellen Imitates Greenspan in Reversal of Mid-1990s Rookie Role
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 percent, they were worried about inflation kicking up if joblessness dropped much …
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