In Janet Yellen, the US Federal Reserve will have a Chairperson who is known as a “dove” and who will probably pursue an accommodative monetary policy for some time to come. Are you pleased that you will hence not come under pressure from across the Atlantic to tighten monetary policy any time soon?
I doubt that Ms Yellen fits into all the slots that people put her in. At the Fed, too, decisions are taken by a committee. Ms Yellen is highly experienced and has an excellent professional and academic background. The good cooperation with the ECB will be continued.