|By Eileen Ambrose, The Baltimore Sun|
Right now, the front-runners appear to be former Treasury Secretary
Some dark horses have emerged. Obama, for example, floated the name of
Whoever gets the nod has big shoes to fill. Bernanke is credited with shepherding the economy's slow emergence from the recent recession, thanks in part to his controversial policy of quantitative easing, in which the Fed buys Treasuries and other government-backed securities from financial institutions to keep long-term rates low and stimulate borrowing.
I would tend to favor
I would go with
My concern about Ms. Yellen is that she advocates intervening where the Fed should not, and abdicates the responsibility of intervening where the Fed should.
From a financial aid and higher-education perspective, the next Federal Reserve chair should be someone who recognizes, and can articulate, how economic decisions shape a culture over time and ultimately influence the social, cognitive, and emotional behaviors of individuals and society as a whole. Students are banking on the continued success of the slow climb out of the recession, as well as the rebuilding and strengthening of our economy.
You have to find people who bring that strong economic background, strong academic background and strong practical experience. …
I am leaning toward
The choice of the Fed chair is very important to the markets. … The triumvirate of
The most difficult choice to get through the confirmation process is clearly Summers. Republican opposition to Summers will be evident as he has the closest ties to the Obama administration. He is no stranger to controversy and isn't as much a consensus builder as previous Fed chairs have been. In my opinion, Yellen is the front-runner and the best choice by virtue of three things. First, and most importantly, she has a wealth of experience and I believe a very good grasp of the workings of the Fed as well as having a strong intellect and approach to leadership. Second, nominating her would be historic in that she would be the first woman nominated for the Fed chair. Third, she would likely leave the Fed if she was passed over for the big job.
The wild card here is
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