Janet Yellen Set To Be First Female Federal Reserve Chair

By: Wednesday October 9, 2013 6:37 am

According to reports Janet Yellen is likely to be announced today as the first female chair of the Federal Reserve. Yellen’s nomination would come after the withdrawal of Larry Summers who proved too controversial to be confirmed by the Senate. Yellen is currently a vice chairwoman at the Fed and is currently considered to face an easy confirmation process by the Senate.

Larry Summers Withdraws From Fed Chair Race

By: Monday September 16, 2013 4:53 am

In a stinging rebuke to the forces of financial deregulation in general, and the Robert Rubin clique in particular, Larry Summers withdrew his name from consideration for Chairman of the Federal Reserve after it became clear he could not be confirmed. The withdrawal marks a major failure for a man whose path to power seemed unstoppable [...]

Janet Yellen’s Game-Changing Speech for Monetary Policy

By: Wednesday November 14, 2012 12:00 pm

The President opened his press conference by designating the top two priorities as jobs and growth, and then spent the next 60 minutes answering questions about David Petraeus and Susan Rice and tax rates and Benghazi and deficit reduction. And Obama didn’t seek to break out of that constraint and suggest actual near-term job creation [...]

Congress Wraps Up a Day Early

By: Thursday September 30, 2010 7:25 am

Eager to get home to campaigning, Congress completed a pre-election session with few pieces of legislation and big questions on topics like the Bush tax cuts. Let’s take a look at what happened on the final day: • The intelligence authorization bill passed the House, and now goes to the President for the first time [...]

Dodd: Federal Reserve Nominees Still Stuck in Limbo

By: Wednesday September 15, 2010 7:33 am

Chris Dodd doesn’t expect a vote on three nominees to the Federal Reserve’s Board of Governors. Janet Yellen, Sarah Bloom Raskin and Peter Diamond have been awaiting confirmation for months. U.S. Sen. Christopher Dodd (D., Conn.) said Tuesday he didn’t know how much appetite there was among senators to vote on three nominees to the [...]

Lawmakers, Fed Nominees: Monetary Policy Must Support Growth, Not Pull Back

By: Friday July 16, 2010 8:00 am

Getting the Federal Reserve to actually fulfill their mission of maximizing employment is the one of the most important things for the economy right now, given the gridlock in Congress on any stimulative measures. Yesterday, the Senate Banking Committee held a hearing for the three Federal Reserve Governors nominated by President Obama, and Chairman Chris [...]

Obama Chooses Three For Fed Board Of Governors

By: Thursday April 29, 2010 12:08 pm

As expected, President Obama filled three open slots on the Federal Reserve’s Board of Governors with names that were widely disseminated a couple months ago: Obama today announced his choice of San Francisco Fed President Janet Yellen to be vice chairman of the Board of Governors under Bernanke. Obama also named Sarah Bloom Raskin, Maryland’s [...]

Report: Janet Yellen Tapped For Fed Vice Chair

By: Friday March 12, 2010 6:54 am

Bloomberg reports that Janet Yellen, the president of the San Francisco Fed, will be tapped as Vice Chairman of the Federal Reserve, replacing the retiring Donald Kohn. The nomination is pending completion of vetting by the Obama administration, one person said. The vice chairman gets a four-year term, subject to Senate approval, and a separate [...]

Yellen’s “Sluggish” Economic Forecast Would Improve Upon Concurrent Ones

By: Tuesday February 23, 2010 10:39 am

Many economic observers were depressed by San Francisco Fed President Janet Yellen’s forecast of what the next few years will bring: … I’m not at all convinced that a V-shaped recovery is in the cards. That fourth-quarter leap in GDP overstates the underlying momentum of the economy. Much of it was due to a slowdown [...]

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