Fed Chair Nomination

Waiting for the President to nominate Janet Yellen to chair the Fed.  That's supposed to happen at three.  I'm feeling really good about her and hoping the Repubs won't turn her confirmation into an opera.  

 

I learned recently that Yellen was the first at the Fed to predict the big recession and the housing horror that's still very prominent in our collective memory.  She's also a "tell it like it is" person; she said when everybody else was saying we'd come back from the recession fast that it would be a very slow and painful comeback.  She was right about that, wasn't she?  Wall Street likes her. "Main Street" should like her, I hear, because she's likely to keep interest low.  Bets are that she will do all the things that will contribute to job growth.  Will be more concerned about unemployment than inflation.  If and when confirmed by Congress, her appointment won't become effective until January.  Time to feel good about something political.  Wait a minute:  I felt really good about our President's press conference yesterday.  He was calm, strong, reasoned and personalized some answers to questions about the debt.  Getting better at explaining things!  And I don't think he slammed the media once.  

 

What are your thoughts and instincts about Yellen?