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
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
CBS Just Announced That Obama Will Nominate Janet Yellen Tomorrow (Original Post) LuvNewcastle Oct 2013 OP
Pop pop poppity pop C_U_L8R Oct 2013 #1
These are interesting times, aren't they? LuvNewcastle Oct 2013 #6
I hate not knowing everyone... Ohio Joe Oct 2013 #2
Fed Chairman. DU objected to rumors Summers was the pick. She looks good. grantcart Oct 2013 #4
Yeah... I'm reading an interesting article on her now... Ohio Joe Oct 2013 #5
That explains Turbineguy Oct 2013 #3

Ohio Joe

(21,756 posts)
5. Yeah... I'm reading an interesting article on her now...
Tue Oct 8, 2013, 07:08 PM
Oct 2013

It’s not surprising that classmates of Janet Yellen at Fort Hamilton High in the Bay Ridge section of Brooklyn consistently describe her as an overachiever. Under her picture in the school yearbook, The Tower, Yellen is listed as the class scholar and member of the honor roll, the boosters club, the psychology club, and the history club, as well as the editor-in-chief of the Pilot, the school newspaper. When she graduated in 1963, she cleaned up, winning the Phi Beta Kappa award, the Mayor’s Committee Scholastic Award, the math award, science award, and the overall English department prize, in addition to being class valedictorian. “Janet is pretty much now what she was then: a straight arrow,” says Charles Saydah, a classmate. “She was a classic liberal, which meant you were antiwar, antibomb, but she was never strident about it. She was obviously the smartest person in the class—it wasn’t even close.”

Yellen, currently vice chairman of the Federal Reserve, is the front-runner to replace Ben Bernanke when he steps down as chairman in January. As President Obama’s awkward dance played out this summer with his preferred candidate, Larry Summers, Yellen carried on in her nonconfrontational manner, illustrating some of the marked differences between herself and Summers. “If you say something incorrect around Larry Summers, what he would say is, ‘Did you go to graduate school? Have you studied economics at all?’?” says Kevin Hassett, a fellow at the American Enterprise Institute who worked as an economist at the Federal Reserve Board of Governors when Yellen joined the board in 1994. “Janet would say, ‘Have you thought about it this way?’ She has the ability to move toward consensus.”

Yellen is characterized by those who know her as a brilliant thinker who focuses on the human side of economics. “She looks beyond the technical institutions to how they affect people. That might make her feel sympathetic for the unemployed?…?but is a person who’s concerned about human welfare considered weak or dovish? I don’t think so,” says economist Robert Shiller, who’s writing a second book with Yellen’s husband George Akerlof, an economist and winner of the 2001 Nobel prize for economics. “We need a less macho government.”

http://www.businessweek.com/articles/2013-09-19/who-is-janet-yellen-a-look-at-the-front-runner-for-the-next-fed-chairman

Nothing bad is jumping out at me so far... Seems like a good choice.

Latest Discussions»General Discussion»CBS Just Announced That O...