IT'S OFFICIAL: Obama Will Nominate Janet Yellen For Fed Chair Tomorrow —

[jenmito]

Set To Become Most Powerful Woman In American History

President Barack Obama will announce the nomination Janet Yellen to be the next chair of the Federal Reserve on Wednesday, a White House official said.

Assuming she is confirmed (which should be easy) the post will make Yellen the most powerful woman in American history, as the Fed has tremendous independence and influence on the US and world economies.

Obama will announce her nomination Wednesday at 3 p.m. during an event in the East Room of the White House, the official said.

Yellen, the current Fed vice chair, would succeed Ben Bernanke, who will appear at the White House event on Wednesday. If she is confirmed by the Senate, she would be the first female chair of the Fed.


Read more: http://www.businessinsider.com/janet-yellen-fed-chair-obama-larry-summers-2013-10#ixzz2hB3oEiiM

[NV Whino]

1. Crossing fingers.

Knocking on wood for good measure.

[jenmito]

2. She'll be confirmed easily. n/t

[rhett o rick]

3. Good news. nm

[DFW]

4. That's the way, uh-huh uh-huh I LIKE it.... n/t

[jenmito]

5. Uh-huh uh-huh. n/t