Under Yellen, who earned just more than $200,000 per year as chair, the Fed finally turned the corner from its crisis-era policies of near-zero interest rates and trillions of dollars of bond-buying.
At Monday’s larger forum for Jefferies clients, she expressed the view that three or four rate rises were likely this year, and that recent U.S. tax cuts and a boost in government spending posed at least some risk of running the economy hot, according to the first source, who requested anonymity.
Reuters was not able to reach David Zervos, the Jefferies chief strategist who conducted the forum and who later tweeted a link to a photograph of him with a smiling Yellen on Instagram.
“An amazing evening last night hosting Janet Yellen for our clients in NY,” read the tweet, posted Tuesday.
The Fed raised rates last month at its first meeting under Powell, and forecasts showed policymakers were split between three or four total hikes this year as economic growth and inflation were seen rising.
Yellen joined the Brookings Institution think tank immediately after stepping down and spoke publicly there in February about the economy. Last month she discussed her Fed tenure at University of Pennsylvania.
In recent months she was listed as a speaker-for-hire by the Washington Speakers Bureau, which did not immediately respond to a request for comment.
Her profile page, alongside that of Bernanke and Greenspan, says she travels from Washington and fees vary based on event location.
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