The Fed Chairman Wore Sensible Shoes Today

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Elizabeth Williamson of Real Time Economics, the home for “economic insight and analysis from the Wall Street Journal,” analyzes Janet Yellen’s first appearance before Congress today:

She took her seat at 10:01 a.m., clad in a monochrome suit and sensible shoes, carrying a black vinyl binder with rainbow-colored tabs. Once chided by an uncharitable commentator for wearing the same black dress twice in a row, Ms. Yellen hadn’t bought a new suit for the occasion, her spokeswoman, Michelle Smith, confided to a reporter. “I’ll try to come up with some color for you,” she whispered.

Seriously?

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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