HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH -- Tue... » Reply #11

Response to Tansy_Gold (Original post)

Tue Sep 17, 2013, 06:33 AM

11. Here's The Petty Reason Obama Might Not Appoint Janet Yellen To Fed Chair

http://www.businessinsider.com/heres-the-petty-reason-obama-might-not-appoint-janet-yellen-to-the-fed-2013-9

With Larry Summers dropping out of the Fed race, it now appears clear that Janet Yellen is the frontrunner to succeed Ben Bernanke.

According to WSJ, the White House is not inclined to start fresh with new names, and since Yellen was the #2, Summers' departure makes her the #1. But it's not a done deal until it's over.

POLITICO's Ben White — who deserves credit for identifying Summers as the favorite before just about any other reporter — says in today's Morning Money that while Yellen is probably the frontrunner, one can't discount the possibility of someone like Roger Ferguson, also a former Fed vice-chair, and the CEO of TIAA-Creff.

White cites one "well-connected" source who offers the following argument for Obama to pick Ferguson:

“He handled the Fed’s response to 9-11 adroitly and is a calm and analytical policy wonk. He knows the President and Valerie Jarrett well, but also gets along fine with Republicans on the Hill. And if he is the pick the President could let it be known that he won’t reward Elizabeth Warren for sabotaging the Summers pick by giving the appointment to Warren’s pal Yellen.”



Read more: http://www.businessinsider.com/heres-the-petty-reason-obama-might-not-appoint-janet-yellen-to-the-fed-2013-9#ixzz2f92ryEI5

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 41 replies Author Time Post
Tansy_Gold Sep 2013 OP
Demeter Sep 2013 #1
Demeter Sep 2013 #2
Demeter Sep 2013 #3
Demeter Sep 2013 #4
Demeter Sep 2013 #5
Demeter Sep 2013 #6
Demeter Sep 2013 #7
Ghost Dog Sep 2013 #10
AnneD Sep 2013 #28
xchrom Sep 2013 #8
xchrom Sep 2013 #9
LineReply Here's The Petty Reason Obama Might Not Appoint Janet Yellen To Fed Chair
xchrom Sep 2013 #11
Demeter Sep 2013 #19
Tansy_Gold Sep 2013 #33
Ghost Dog Sep 2013 #12
xchrom Sep 2013 #13
Demeter Sep 2013 #20
xchrom Sep 2013 #14
xchrom Sep 2013 #15
Demeter Sep 2013 #21
xchrom Sep 2013 #16
Demeter Sep 2013 #22
xchrom Sep 2013 #24
Ghost Dog Sep 2013 #41
xchrom Sep 2013 #17
xchrom Sep 2013 #18
xchrom Sep 2013 #23
Demeter Sep 2013 #25
Demeter Sep 2013 #30
xchrom Sep 2013 #26
xchrom Sep 2013 #27
AnneD Sep 2013 #29
Demeter Sep 2013 #31
Demeter Sep 2013 #32
Demeter Sep 2013 #36
Demeter Sep 2013 #38
AnneD Sep 2013 #39
Hotler Sep 2013 #40
bread_and_roses Sep 2013 #34
Demeter Sep 2013 #35
Demeter Sep 2013 #37
Please login to view edit histories.