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Janet Yellen to be nominated as Fed Chair tomorrow
Posted on 10/8/13 at 6:03 pm
Posted on 10/8/13 at 6:03 pm
Thoughts?
6
Posted on 10/8/13 at 6:14 pm to NC_Tigah
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.
LINK
Posted on 10/8/13 at 6:32 pm to NC_Tigah
Is she going to do anything different form Bernanke?
Posted on 10/8/13 at 7:06 pm to NC_Tigah
quote:
had the backing of 20 members of the Senate Democratic caucus who signed a July 26 letter to Obama.
raises a red flag
Posted on 10/8/13 at 7:12 pm to NC_Tigah
Yellen is the closest thing Obama could find to a qualified woman.
Posted on 10/8/13 at 7:33 pm to NC_Tigah
Could have been worse. The headline almost read "Larry Summers to be nominated as Fed Chair tomorrow."
Posted on 10/9/13 at 4:28 am to NC_Tigah
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.
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.
Posted on 10/9/13 at 6:37 am to NC_Tigah
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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