Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJanet Yellen as Federal Reserve Chair Is a Good Start…
by William Greider, The Nation http://www.thenation.com/article/176575/janet-yellen-federal-reserve-chair-good-start
"Lets be blunt. Barack Obama is still in denial about the sorry state of the economy, and so are both parties in the stalemated Congress. The government is consumed by wrong arguments about the wrong crisis, while the Federal Reserve keeps pointing out discreetly that the economy is still sick. Prosperity is not just around the corner."
"Obama has a way to break out of this mess. Instead of wrangling with know-nothing Republicans over how to cut spending and make things worse, the president should make his grand bargain with the Federal Reserve. Together, they can develop an aggressive agenda to stimulate job creation and create the new demand the stagnant economy needs."
"As it happens, in the next few months, Obama will name up to five of the seven governors of the Federal Reserve Board. His choice to succeed Bernanke as chair is Janet Yellen, currently vice chair and a strong Bernanke ally. Yellen is a real pronot a bomb thrower and moderately liberal, with the emphasis on moderate. If the Senate confirms Yellen, she would be the first woman to run the Fed in its 100-year history."
"Obama has a way to break out of this mess. Instead of wrangling with know-nothing Republicans over how to cut spending and make things worse, the president should make his grand bargain with the Federal Reserve. Together, they can develop an aggressive agenda to stimulate job creation and create the new demand the stagnant economy needs."
"As it happens, in the next few months, Obama will name up to five of the seven governors of the Federal Reserve Board. His choice to succeed Bernanke as chair is Janet Yellen, currently vice chair and a strong Bernanke ally. Yellen is a real pronot a bomb thrower and moderately liberal, with the emphasis on moderate. If the Senate confirms Yellen, she would be the first woman to run the Fed in its 100-year history."
The article goes on to list and provide justification for possible candidates for the five upcoming openings on the Federal Reserve Board.
Please support progressive publications like The Nation.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 530 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (2)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Janet Yellen as Federal Reserve Chair Is a Good Start… (Original Post)
rhett o rick
Oct 2013
OP
"If the Senate confirms Yellen, she would bethe first woman to run the Fed in its 100-year history."
rhett o rick
Oct 2013
#4
Tansy_Gold
(17,861 posts)1. Greider recognized this from the beginning
He was one of the voices protesting Obama's "transition" economic team back in November '08.
rhett o rick
(55,981 posts)3. The President has an opportunity to put some good people on the board. nm
phantom power
(25,966 posts)2. kick
rhett o rick
(55,981 posts)4. "If the Senate confirms Yellen, she would bethe first woman to run the Fed in its 100-year history."