Posted on 03/12/2010 12:05:38 PM PST by Nachum
WASHINGTON (AP) - President Barack Obama wants to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, an administration official said Friday.
Yellen, who was a top economic adviser to President Bill Clinton, is considered a dove on monetary policy, meaning she is more worried about high unemployment than rising inflation. She would become the second highest ranking Fed official.
Obama is also considering filling two other vacancies on the Federal Reserve board with Sarah Raskin, the Maryland Commissioner of Financial Regulation, and Massachusetts Institute of Technology economist Peter Diamond, the official said, speaking on condition of anonymity because the president had yet to make the announcement.
(Excerpt) Read more at breitbart.com ...
Must be Tax Cheats to qualify.
“Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices.”
- Fred Harrison
Old Yellen.
Dropping money from helicopters apparently is not good enough...expect the establishment of “Money Pantries”
akin to “Food Pantries” to help out all the “Poor People”
(aka Investment Bankers and renowned kick-back artists to
the DNC)...;)
END THE FED! Jcakson and Jefferson were right!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.