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Purveyor

(29,876 posts) Mon Sep 23, 2013, 01:36 PM Sep 2013

Obama Said Not Ready to Announce Fed Chairperson Pick This Week

By Julianna Goldman - Sep 23, 2013

President Barack Obama has no plans to name a nominee for Federal Reserve chairman this week, according to a person familiar with administration deliberations.

Fed Vice Chairman Janet Yellen remains the leading candidate to replace Ben S. Bernanke when his term expires on Jan. 31. She has been picking up support from Democratic senators and party leaders including former President Bill Clinton following a decision by former Treasury Secretary Lawrence Summers to withdraw from consideration.

White House officials made calls last week to influential senators to encourage them to voice support for a Yellen nomination to head off any attacks on her before Obama announces a decision.

The Fed nomination is subject to U.S. Senate confirmation.

more...

http://www.bloomberg.com/news/2013-09-23/obama-said-not-ready-to-announce-fed-chairman-pick-this-week.html

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Obama Said Not Ready to Announce Fed Chairperson Pick This Week (Original Post) Purveyor Sep 2013 OP

I've thought Yellen makes the most sense, but Jackpine Radical Sep 2013 #1

Jackpine Radical

(45,274 posts)

1. I've thought Yellen makes the most sense, but

Reply to Purveyor (Original post)

Mon Sep 23, 2013, 01:41 PM

Sep 2013

I gotta admit I get a little nervous when NAFTA Bill, the guy who presided over bank deregulation, backs her.

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Purveyor

Obama Said Not Ready to Announce Fed Chairperson Pick This Week

Jackpine Radical

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