The difference between the Federal Reserve Board of Chairwoman Janet Yellen and that of her immediate predecessor Ben Bernanke is becoming clear. No more so than in their approach to the problem of joblessness.
Nicholas Wapshott is the International Editor of Newsweek. He previously served as New York bureau chief of The Times of London and editor of the Saturday Times of London. He is a regular broadcaster on MSNBC, PBS and FOX News. His new book "The Sphinx: Franklin Roosevelt, the Isolationists, and the Road to World War II" is due out in November. He is also the author of "Ronald Reagan and Margaret Thatcher: A Political Marriage" and "Keynes Hayek: The Clash That Defined Modern Economics."