Skip to comments.Obama to nominate Yellen as Bernanke successor
Posted on 10/08/2013 5:32:26 PM PDT by Olog-hai
President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nations central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.
Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Obama was thought to favor, withdrew from consideration last month in the face of rising opposition.
Yellen, 67, would likely continue steering Fed policy in the same direction as Bernanke. A close ally of the chairman, she has been a key architect of the Feds efforts under Bernanke to keep interest rates near record lows to support the economy.
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Print money FASTER!
What’s her “compelling life story”? Another freeloader?
Yellen makes Bernanke seem like a conservative.
Trucks will be even more popular as personal vehicles to haul enough dollars for small purchases.
Yellin means more “stimulus” which means more QE which means more of the current bubble.
I’ve been buying on dips and selling on mini surges but I’m all-out right now and might stay out. This IS a bubble. Otherwise the 2013 market must be construed as to be expecting growth at levels for which there is ZERO cause to believe in.
ZERO being the operative word (and bubbles burst, even those contrived by messiahs.)
She's useless as well as worthless. WTF !
Oh goody another Professor
Well, if that’s who the Rockefeller and the Rothchilds dynasties want, then its a sure thing she will get the job