Wonkbook: Liberals fought for Janet Yellen to lead the Fed. Now they hope she's 'more ally than adversary.'

By Ylan Q. Mui JACKSON HOLE, Wyo. — Liberals helped install Janet Yellen as the first Democrat to lead the Federal Reserve in nearly three decades. But now, halfway through her tenure, they are turning into some of the central bank's sharpest critics. Yellen won the backing of liberals during her nomination three years ago to …   The latest economic and domestic policy from Wonkblog   Members of the Fed Up coalition, an initiative of the Center for Popular Democracy, hold banners and protest signs in Jackson, Hole, Wyo., on Aug. 25. (David Paul Morris/Bloomberg) By Ylan Q. Mui JACKSON HOLE, Wyo. — Liberals helped install Janet Yellen as the first Democrat to lead the Federal Reserve in nearly three decades. But now, halfway through her tenure, they are turning into some of the central bank's sharpest critics. Yellen won the backing of liberals during her nomination three years ago to one of the most powerful positions in the global economy. They admired her early warnings of the financial crisis and were heartened by her staunch support of central bank efforts to reduce unemployment. Since then, however, Yellen has begun the process of puling back the Fed's unprecedented stimulus of the economy — drawing the concerns of liberals worried it will upset a fragile recovery. Read the rest on Wonkblog.   Top policy tweets "This figure is the most important message of Yellen's speech: Don't rely on FOMC f'casts of future fed funds rates." -- @kocherlakota009 "Noteworthy humility: 'Our ability to predict how the federal funds rate will evolve over time is quite limited' " -- @modestproposal1 "Trump's position on deportations is not confusing. It's perfectly clear. I've decoded it for you https://t.co/y23ARFgajW" -- @ThePlumLineGS ADVERTISEMENT   Most Recent Posts from Wonkblog Fed Chair Janet Yellen says case for rate hike has ‘strengthened’ Federal Reserve Chair Janet Yellen on Friday signaled that the central bank is moving closer to raising its influential interest rate amid sustained improvement in the job market. By Ylan Q. Mui  •  Read more »   Liberals fought for Janet Yellen to lead the Fed. Now they hope she’s more ‘more ally than adversary.’ Janet Yellen won the support of liberals during her nomination three years ago to one of the most powerful positions in the global economy. But now they're questioning whether she's taking the right steps for the economy. By Ylan Q. Mui  •  Read more »   An alarming number of scientific papers contain Excel errors Excel's default settings are causing scientific screw-ups By Christopher Ingraham  •  Read more »   When workers don’t get paid sick days, everyone else is more likely to get sick Four in 10 private-sector employees can't take a day off without losing income, according to government data. By Danielle Paquette  •  Read more »   Teen vaping is not what you think it is, researchers say Bro, do you even vape? By Christopher Ingraham  •  Read more »   Tim Cook’s defense of Apple’s tax strategy, annotated Apple's CEO is 'optimistic' that tax reform is coming and says the company will not bring overseas profit back 'until there is a fair rate' By Jim Tankersley  •  Read more »   The chork is the fork-chopstick love child that America deserves The chork: A fork-chopstick love child that is "Chinese, but approachable" By Ana Swanson  •  Read more »   ADVERTISEMENT   Recommended for you   Federal Insider Federal news and policy update, in your inbox daily. Sign Up »         Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2016 The Washington Post, 1301 K St NW, Washington DC 20071