Great speech last night by Janet Yellen, CEO of the San Francisco Federal Reserve and a member of the Federal Open Market Committee. Yellen had been a professor at Haas before joining the Fed and came back to Haas to discuss the current economic situation in an event that attracted quite a large crowd and received plenty of news coverage.
Overall she struck a cautiously optimistic tone. Some great insights into the risks of deflation and inflation and what tools (both conventional and unconventional) the Fed has to fight inflation going forward and to stave off deflation in the short-run.
Janet was a great speaker and clearly an extremely intelligent person. This was probably one of the last speakers I could see before graduating, and while I am busy finishing papers and projects, I am so glad I went to see her speak.
A video of her speech is online at http://www2.haas.berkeley.edu/Videos/Janet_Yellen.aspx.