The more absurd thing is criticism of Yellen on this part is being defended - by the White House press secretary no less - as a woman's right to use her skills to make money. Yes, women should absolutely be able to rise to their talent and ambition, but it's a clear conflict of interest for government official. It's a disingenuous use of the most vacuous forms of language to defend open corruption.
But then again, if we wanted finance experts to chair the Fed and be the treasury secretary without any prior monetary relationships with banks and hedge funds, we would probably have just some academics. A lot of academics in economics/finance get paid for legal testimony on behalf of companies and such, too.
But then again, if we wanted finance experts to chair the Fed and be the treasury secretary without any prior monetary relationships with banks and hedge funds, we would probably have just some academics. A lot of academics in economics/finance get paid for legal testimony on behalf of companies and such, too.