Yellen is asked about the CBO report finding that some people may leave the labor market as a result of the Affordable Care Act.
ÂCBO has done important analysis, Yellen says. ÂI think theyÂve recognized that the impact of the act is likely to be complex. I think theyÂre still trying to figure out what all of the different channels are by which it will effect the economy.Â
There's probably little sense in her pushing back strongly when there's no way she would convince him otherwise.
"Ya gotta know how to pick your battles!"
Cheers,
Scott.