Obama is About to Nominate a Woman to Chair the Federal Reserve

Illustration for article titled Obama is About to Nominate a Woman to Chair the Federal Reserve

Barring an extraordinary event that CHANGES EVERYTHING, Scandal season finale-style, President Obama will almost 100% for sure be nominating Federal Reserve Vice Chairman Janet Yellen to the post Ben Bernanke is vacating.

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A White House official told the Washington Post today that now that Larry Summers had his man-feelings hurt and withdrew his name from consideration, Yellen, who has worked at the Fed for many moons, has moved to the top of the list.

This would have been a much move if the President hadn't nominated the first woman to the Fed Chairmanship only after his first choice, a famously sexist human Boys Club stock photo, bowed out.

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[WaPo]

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DISCUSSION

cummins-smoker
cummins-smoker

Just because she has two X chromosomes rather than one doesn't make here any less of a clueless bankster....

http://www.zerohedge.com/news/2013-09-1…

“For my own part,” Ms. Yellen said, “I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.” Her startled interviewers noted that almost none of the officials who testified had offered a similar acknowledgment of an almost universal failure.