“While the mainstream media has indeed made a big deal about Yellen’s gender, it is surprising how little power she will really have.  She can continue the policies that have been set by Ben Bernanke and Alan Greenspan before him. The last person that really struck out on his own was ‘Tall’ Paul Volcker who allowed short rates to rise to nearly 20 percent in the early 1980s.  But even Volcker didn’t have that much of a choice. The people standing behind his regime – a bevy of concerned globalist bankers – believed that the best way to crush price inflation of the day was to wring it out with tight money.  He would have been fired or worse if he tried to do something else.”