Are you saying things are better now?
The metrics Yellen is looking at are all vastly better, yes.
Now I agree it’s occurred on the back of an enormous increase in public indebtedness, which is a very long lit fuse on a large pile of economic dynamite that will blow us up a couple of decades from now, but yes, employment, confidence, financial stability, inflation expectations, are all far far better than they were in the depths of the financial crisis.
But increasing public indebtedness is also the explicit policy of the incoming administration. I don’t find a lot of people in US political life willing to say we should reduce government spending and increase taxes.