Janet Yellen explains our crummy recovery in three charts
This is a very good speech by Janet Yellen, the vice chair of the Federal Reserve. Yellen’s core question is simple: “deeper recessions are usually followed by stronger-than-average recoveries.” But...
View ArticleThree Fed speeches and the most important decision Barack Obama will make...
Three speeches by top Federal Reserve officials offer a preview of what is likely to be the most important debate over U.S. monetary policy in the years ahead. And they set the stage for the most...
View ArticleBen Bernanke and Janet Yellen are sounding awfully dovish
First things first: The Federal Reserve is not going to end QE3 any time soon. If there were any lingering doubts about the central bank’s commitment to its $85-billion-dollar-a-month bond-buying...
View ArticleWho will be the next Fed chair? Here are Wonkblog’s odds.
Ben Bernanke has another ten months in his term as Federal Reserve chairman, but that hasn’t stopped the economic punditocracy from beginning an obsession over who will take charge of monetary policy...
View ArticleHere’s who Irish gamblers think is in the running to become Fed chair
Sooner rather than later, President Obama is going to announce his pick to replace Ben Bernanke as Federal Reserve chairman (and yes, Bernanke’s almost certainly on his way out). As of April, Neil put...
View ArticleThe subtle, sexist whispering campaign against Janet Yellen
The favored parlor game of the political-economic complex right now is guessing who will replace Ben Bernanke as chairman of the Federal Reserve. The clear front-runner is Federal Reserve Vice Chairman...
View ArticleRight now, Larry Summers is the front-runner for Fed chair
The word among Federal Reserve watchers right now is that the choice is down to Janet Yellen or Larry Summers as Ben Bernanke’s replacement. I can’t find anyone who really thinks it’ll be Roger...
View ArticleYellen vs. Summers: Who would be a better Fed chair?
Janet Yellen or Larry Summers: Who has the right skills to be Fed chair? (Federal Reserve/Flickr) The president’s decision on whom to nominate to be the next Federal Reserve chair increasingly appears...
View ArticleThis is how people at the Fed are thinking about the race to be their boss
What will a new Fed chief mean for the system? (Larry Summers photo by T.J. Kirkpatrick/Bloomberg; Janet Yellen photo by Kiyoshi Ota/Bloomberg) As President Obama selects a new chairperson for the...
View ArticleThe surprising mistake that could cost Larry Summers the Fed chairmanship
Larry Summers hasn’t said much about his monetary policy views. Was that a mistake? (Photo by Jerome Favre/Bloomberg) Larry Summers is among the most prominent public intellectuals on economic topics...
View ArticleWhat the White House visitors’ log tells us about the Fed race
One thing that’s become clear as the Fed race has heated up is that the White House feels much, much closer to Larry Summers than it does to Janet Yellen. That’s no surprise. Yellen never served in the...
View ArticleEight things you need to know about Don Kohn, who just might be the next Fed...
Could Donald L. Kohn, left, be a third possibility for succeeding Ben Bernanke? (Brendan Smialowski/Bloomberg News) In a meeting with Democrats on Capitol Hill on Wednesday, President Obama reportedly...
View ArticleFunny how gender never came up during Bernanke’s nomination. Or Greenspan’s....
When I wrote my article on the subtle, sexist whispering campaign against Janet Yellen, my example of a rare not-so-subtle sexist comment came from Richard Fisher, president of the Dallas Federal...
View ArticleForget Larry Summers. What if Roger Ferguson took over the Fed?
Roger Ferguson (right) with Alan Greenspan. Ferguson may have Greenspan’s old job before too long. (REUTERS/Larry Downing) On Sept. 11, 2001, Roger Ferguson, the mild-mannered vice chairman of the...
View ArticleThe Fed chair needs to be politically independent. On that front, Yellen wins.
Janet Yellen has had less involvement in partisan politics than Larry Summers, the other leading candidate to lead the Fed. (Federal Reserve/Flickr) We’ve heard a lot of arguments in the last two weeks...
View ArticleObama made a mistake when he said ‘Mr. Yellen.’ But Mr. Yellen is in fact...
Akerlof! (IMF) President Obama may or may not have been subconsciously tipping his hand on the race to be the next Fed chair when he referred to Fed vice chair Janet Yellen — widely considered a...
View ArticleHere’s what Obama was really saying about the Fed appointment
I shall make some comments about the Federal Reserve chairmanship! (Chip Somodevilla/Getty Images) In his news conference Friday afternoon, President Obama discussed the biggest decision in economic...
View ArticleJanet Yellen called the housing bust and has been mostly right on jobs. Does...
Is Janet Yellen the woman to run the Federal Reserve? (Federal Reserve/Flickr) When Janet Yellen jumped from academia to the Federal Reserve Board, she seemed like a new breed at the buttoned-up...
View ArticleThis graphic gets the Fed Chair race exactly wrong
For the interactive version, click here. Business Week has an interactive graphic that purports to show the “seesaw” that is the Fed Chair choice: Picture the choice of the next Federal Reserve chair...
View ArticleWhy the White House is uneasy with picking Janet Yellen as Fed chair
Obama advisers have reservations about having the current Fed vice chairwoman succeed Ben Bernanke. (Federal Reserve/Flickr) Many of the economic advisers whom President Obama consults with favor Larry...
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