How prevalent is gender bias among U.S. politicians? We analyze the transcripts of every congressional hearing attended by the chair of the U.S. Federal Reserve from 2001 to 2020 to provide a carefully identified effect of sexism, using Janet Yellen as a bundled treatment. We find that...

Uncertainty is a ubiquitous concern emphasized by policymakers. We study how uncertainty affects decision-making by the Federal Open Market Committee (FOMC). We distinguish between the notion of Fed-managed uncertainty vis-a-vis uncertainty that emanates from within the economy and which the Fed...