I wish we were hearing more about Janet Yellin for prospective Fed chair

[Vanje]

http://www.sfgate.com/technology/businessinsider/article/The-Case-For-Janet-Yellen-In-One-Sentence-4816544.php
Excerpt:
In the late '90s, Janet Yellen was worried about the economy overheating. This was thoroughly discussed in Lawrence Meyer's book, "A Term At The Fed."
In the mid-2000s, Yellen was worried about the housing bubble, and the impact of a bust.
Post-crisis, Yellen has recognized that inflation is the least of our problems, and that everything the Fed does should be oriented towards addressing the unemployment problem. (Hence the "dovish" reputation.)



http://www.latimes.com/business/la-fi-yellen-fed-20130914,0,548280.story
Excerpt:
Back in 1995, a few months after Yellen joined the Fed board, they note, she wasn't afraid to take on then-legendary Chairman Alan Greenspan.
Concerned that consumers were being misled about interest rates on bank deposits, Yellen successfully urged her fellow policymakers to amend a Fed regulation despite opposition from Greenspan. The 4-3 vote was one of only two he lost in more than 18 years leading the Fed.
"That took a lot of gumption because Greenspan was a god-like figure," said Alan Blinder, who was a Fed governor at the time and worked with Yellen to pass the amendment. "You were risking the disapproval of the rest of the board if you defied Greenspan."


http://www.businessinsider.com/the-case-for-janet-yellen-in-one-sentence-2013-9
Excerpt:
In the middle of the night this past Friday, the price of gold quickly dropped on a report in the Japanese business newspaper Nikkei that the White House had decided to appoint Larry Summers as the next Fed chair and that the announcement would likely be made next week.

[CaliforniaPeggy]

1. I'm with you, Vanje...I like her too.

She would be so good for the Fed.

I wonder if Obama realizes that.

[DJ13]

4. Good for the Fed

would be bad for the elites.

Someone who took the Fed mandate about full employment serious and reduced unemployment back to the level of the 90's, would destroy the current advantage employers have in keeping wages stagnant.

[Vanje]

6. 99% of us are the 'not-elites'

I wish someone in the powers that be, would give us a thought.

[DJ13]

7. I do too

[Aerows]

10. She is a great choice

for everyone, I think, well, unless they want to deregulate the hell out of everything and send the world into economic Armageddon. Then Summers is a good choice.

Yellin seems to be level-headed and not as prone to risk taking as the previous idiots that got us here.

[Demeter]

2. Keep the faith and Pile on Larry Summers

There are many petitions to NOT nominate him....sign them all!

[gopiscrap]

3. me too!

[arcane1]

5. I have a feeling we will be hearing a lot more:

http://www.democraticunderground.com/10023672728

[Vanje]

8. YAAAAAAAAAAYYYYYYYYYYYY

Fuckin YAAAAAYYYYYYY!!!!!!!!!!!!

[Aerows]

9. She's an excellent choice

She's got a backbone, excellent qualifications and is more prone to deliberation rather than rash decisions. The Fed is key in a crisis, and that woman pretty much seems like she could coordinate the apocalypse without breaking a sweat.