Janet Yellen to be nominated as Fed Chair tomorrow | TigerDroppings.com

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NC_Tigah
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Member since Sep 2003
52098 posts

Janet Yellen to be nominated as Fed Chair tomorrow



Thoughts?






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NC_Tigah
LSU Fan
Member since Sep 2003
52098 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
Turkey Crick, LA to Ruston, LA
Member since Dec 2012
12191 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
Boxtard Baseball Club
Member since Feb 2005
10570 posts
 Online 

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
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Baton Rouge
Member since Feb 2005
81774 posts
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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
2562 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
302 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
64851 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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