What a wonderful day it was. First, Larry Summers withdraws from consideration to be chairman of the Federal Reserve.....
Larry Summers withdraws name from Fed consideration - The Washington Post
Then the stock market soars world wide on the good news...
Stocks surge after Larry Summers exits Federal Reserve race (+video) - CSMonitor.com
That leaves the only viable and qualified person left for the job..Janet Yellen. Assuming Obama picks her, she will be the first woman to head the Federal Reserve. I couldn't more happy than if it was my birthday. Oh wait, it was. lol
Janet Yellen - Wikipedia, the free encyclopedia
Yellen's creditentials are impeccable and she truly is the most qualified for the job. If Obama doesn't nominate her, I'll gladly help to get him impeached.
I wasn't joking.
What a wonderful day it was. First, Larry Summers withdraws from consideration to be chairman of the Federal Reserve.....
Larry Summers withdraws name from Fed consideration - The Washington Post
Then the stock market soars world wide on the good news...
Stocks surge after Larry Summers exits Federal Reserve race (+video) - CSMonitor.com
That leaves the only viable and qualified person left for the job..Janet Yellen. Assuming Obama picks her, she will be the first woman to head the Federal Reserve. I couldn't more happy than if it was my birthday. Oh wait, it was. lol
Janet Yellen - Wikipedia, the free encyclopedia
Yellen's creditentials are impeccable and she truly is the most qualified for the job. If Obama doesn't nominate her, I'll gladly help to get him impeached.
I just read up on her. I have a serious problem with her. She has NO business experience whatsoever, nor has she worked that I can tell in ANY privately funded non educational organization. In fact I would hazard to say her background is almost exclusively educational. She's all theory no real world. I am definitely not sold on her.
I just read up on her. I have a serious problem with her. She has NO business experience whatsoever, nor has she worked that I can tell in ANY privately funded non educational organization. In fact I would hazard to say her background is almost exclusively educational. She's all theory no real world. I am definitely not sold on her.
The nature of the job requires an economist (which is what she is, just like Bernanke, Greenspan, Volcker, ...) not a business executive.
I would tend to disagree. While the academic background is necessary I believe we would be better served by someone who has some real world experience besides, ie worked and made a living in the private sector for a bit.
I just read up on her. I have a serious problem with her. She has NO business experience whatsoever, nor has she worked that I can tell in ANY privately funded non educational organization. In fact I would hazard to say her background is almost exclusively educational. She's all theory no real world. I am definitely not sold on her.
The last time a non-economist was Fed Chairman was during the Carter Presidency. Not really happy times.
Yeah, she's just a professor of business and economics, so what does she know about business, eh? lol :roll:
"...Yellen is Professor Emeritus at the University of California, Berkeley's Haas School of Business, where she was named Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics. Twice she has been awarded the Haas School's outstanding teaching award...."
Then if you are logical with yourself you feel that all Economics Departments at all US Universities can best be shut down and all the faculty fired?
She's never RUN a business. Or for that matter ever really worked in a private sector position. If she started her own business she might be more successful then the average joe, but reality hits EVERYONE and she would still be a beginner learning the ropes business professor or not.
Yeah, she just teaches other people how to RUN a business.
I'm sure that seems totally logical to you, but I have no idea what you're talking about.
Running a bank is business experience.She's never RUN a business. Or for that matter ever really worked in a private sector position. If she started her own business she might be more successful then the average joe, but reality hits EVERYONE and she would still be a beginner learning the ropes business professor or not.
Yeah, she just teaches other people how to RUN a business.
Running a bank is business experience.
She's never RUN a business. Or for that matter ever really worked in a private sector position. If she started her own business she might be more successful then the average joe, but reality hits EVERYONE and she would still be a beginner learning the ropes business professor or not.
Well, according to you she's the only qualified person in the US. So basically all the other economists, including Nobel Prize winners, must be unqualified and stupid people. I guess the other members of the Fed Board are also just for window-dressing?
She's the best qualified candidate up for consideration. But if you have someone else in mind now would be a good time to drop the snark and say who it is.
The Federal Reserve is NOT a business.
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