Janet Yellen to be nominated as Fed Chair tomorrow | TigerDroppings.com
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NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
58275 posts

Janet Yellen to be nominated as Fed Chair tomorrow

Thoughts?


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
58275 posts

re: Janet Yellen to be nominated as Fed Chair tomorrow
quote:

BLOOMBERG

Obama to Announce Yellen Nomination as U.S. Fed Chief Tomorrow
By Joe Sobczyk - Oct 8, 2013

President Barack Obama will nominate Federal Reserve Vice Chairman Janet Yellen tomorrow to head the U.S. central bank, a White House official said in an e-mailed statement.

Yellen, 67, would succeed Fed Chairman Ben S. Bernanke, whose term ends Jan. 31. She was the favorite in surveys of economists and had the backing of 20 members of the Senate Democratic caucus who signed a July 26 letter to Obama.

The announcement will come tomorrow during a 3 p.m. event at the White House, the official said. Bernanke will be present for the event.

Obama turned to Yellen, vice chairman of the Fed since 2010, after the other leading candidate, former Treasury secretary and White House economic adviser Lawrence Summers, withdrew from consideration amid mounting opposition from Democrats on the Senate Banking Committee.

As the Fed’s No. 2 official, Yellen has articulated the case for maintaining highly accommodative monetary policy.

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Turkey_Creek_Tiger
Louisiana Tech Fan
Member since Dec 2012
12341 posts

re: Janet Yellen to be nominated as Fed Chair tomorrow
Is she going to do anything different form Bernanke?


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aaronb023
LSU Fan
TeamBunt CEO
Member since Feb 2005
11774 posts

re: Janet Yellen to be nominated as Fed Chair tomorrow
quote:

had the backing of 20 members of the Senate Democratic caucus who signed a July 26 letter to Obama.


raises a red flag


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LSURussian
LSU Fan
Member since Feb 2005
85152 posts
Online

re: Janet Yellen to be nominated as Fed Chair tomorrow
Yellen is the closest thing Obama could find to a qualified woman.


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lsufan1971
LSU Fan
Zachary
Member since Nov 2003
2885 posts

re: Janet Yellen to be nominated as Fed Chair tomorrow
Could have been worse. The headline almost read "Larry Summers to be nominated as Fed Chair tomorrow."


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Coeur du Tigre
LSU Fan
Waiting for Geauxdeaux.
Member since Nov 2008
404 posts

re: Janet Yellen to be nominated as Fed Chair tomorrow
Best news of the month. I know, that's not saying much... But thank God someone in D.C. still actually gives a shite about this country.

And what does Obama's first choice have to say about it?

"Summers also welcomed the decision, saying that “Janet Yellen is a terrific choice to lead the Federal Reserve. I have admired and learned from her ever since she taught my first macroeconomics graduate class in 1976,” he said in an e-mail."

True to form, it's all about me, Larry Summers, and my glory days in college. Thirty-seven years ago... No wonder the Rubin Gang liked him for their front guy.


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Lsut81
USA Fan
Member since Jun 2005
66054 posts

re: Janet Yellen to be nominated as Fed Chair tomorrow
quote:

Janet Yellen to be nominated as Fed Chair tomorrow



Sounds like Bernanke with a wig.....

She's going to keep on pumping


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