White House Launches Janet Yellen Blitz PR Campaign

Zero Hedge ^ | 21 September, 2013 | Tyler Durden

[Errant]

There was a time, long ago, when some still believed the myth that the Federal Reserve, and the selection of its Chairman, were supposed to be apolitical and impartial. Luckily, that was a long time ago, because otherwise some may question not only the logic, but the motives, behind what the media reports is an aggressive push by White House officials to "muster support among Democrats on the Senate Banking Committee to back Federal Reserve Vice Chair Janet Yellen," according to Reuters which cited three sources said on Friday, laying the groundwork for her expected nomination to the Fed's top job. If the White House is suddenly intent on picking Mrs. Yellen (or is that Mister?), one wonders just how diluted her "runner up" credibility at the Fed would be, since it has been made quite clear she was continuously Obama's B (or lower) grade choice to head the Fed, with Summers at the very top. And of course, a just as important question is how even more diluted is Obama's credibility and political brand if a few ultra-liberal Senators can impose their choice for next Fed head over that of both Larry Summers, of the "Committee to save the world" and the president himself.

[Errant]

https://en.wikipedia.org/wiki/Janet_Yellen

[LibLieSlayer]

Da... comrade yellen will tow zee party line.

[fhayek]

So Yellen is pretty much guaranteed to keep the ink flowing to the printing presses...right?

[upchuck]

From the Wikipedia bio:

2010–present Vice Chairwoman, Board of Governors, Federal Reserve System
2004–2010 President and CEO, Federal Reserve Bank of San Francisco
1997–1999 Chairwoman, President's Council of Economic Advisors
1994–1997 Member, Board of Governors of the Federal Reserve System
1985–present Professor, Haas School of Business, UC Berkeley
1982–1985 Associate Professor, Haas School of Business, UC Berkeley
1980–1982 Assistant Professor, Haas School of Business, UC Berkeley
1978–1980 Lecturer, London School of Economics and Political Science
1977–1978 Economist, Division of International Finance, Trade and Financial Studies Section, Board of Governors of the Federal Reserve System
1971–1976 Assistant Professor, Department of Economics, Harvard University
1974 Research Fellow, Massachusetts Institute of Technology

Based on that one might suspect that she is a lib.

[RKBA Democrat]

Who gets selected for Fed chairsatan is about as relevant as who gets selected 2 counties over for dog catcher. Fed policy is already set and whether yellen or summers or geithner or krugman get the nod, it isn’t going to change. I can summarize Fed policy as follows:

They’re going to print.
Then they’re going to print some more.
Then they’re going to print even more.
Then they’re going to act like they’re going to act like they’re going to ease up a bit on the printing, but then they’ll just print some more.
And then they’ll print.
They’ll print to wake the dead.
They’ll print to make the banshee wail.
They’ll print until their eyes bleed.
And they won’t stop printing until the US dollar is trading at par with the zimbabwe dollar.
And then they’ll declare it “mission accomplished.”

You should plan accordingly.

[SunkenCiv]

Thanks Errant.

[ColdOne]

Why even waste the time or money for a PR campaign. Nobody is going to stop anything that el heffe wants.

[Pearls Before Swine]

Can’t he find a black lesbian banker to appoint? Shouldn’t the Federal Reserve Board “look like America?” /S

[Errant]

LOL, I was shocked to read Ms. Yellen’s bio, and find she is/was married. Bet her bio needs updating...

Just sayin’... ;)