Janet Yellen gave a speech on July 2. It of course received considerable attention in the financial media. Over the years, I have dutifully provided translations of speeches by the chairmen of the Board of Governors of the Federal Reserve System — that tiny part of the FED that is technically part of the U.S. government. As far as I know, I am the only financial columnist who provides a translation service out of FEDspeak into English. Greenspan was a master of FEDspeak. Bernanke preferred to give long, boring summaries, with lots of footnotes, of the recent history of financial events … Continue reading Translating Yellen into Plain English