Janet Yellen faces test of communications skills

Published November 14, 2013 5:00am ET



Is tapering tightening?

Janet Yellen may not get that question in those exact words at her confirmation hearing Thursday, but it is one she will have to answer successfully to succeed if she is installed as the chairman of the Federal Reserve early next year: Is tapering, the process of slowing down the Fed’s monthly stimulus bond purchases, the same as tightening the money supply?

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