Posted: Oct 11, 2013 3:11 pm
GT2211 wrote:FACT-MAN-2 wrote:GT2211 wrote:I think I would've preferred Summers to Yellen. Though that might reflect in part that I feel a bit more familiar with his views than hers on a range of issues.
Anyway Yellen cancelled a speech she was prepared to deliver last minute which probably indicates Monday or early next week she will be announced as the next candidate. Curious to see how the GOP responds.
Many GOPers have announced they will support her.
From the WSJ:Council of Economic Advisers Chairman Jason Furman in an interview with the Wall Street Journal said he wouldn’t expect the Fed announcement this week.
Mr. Furman declined to say if Mr. Obama had made up his mind on whom to nominate. Other senior White House officials have said Fed Vice Chairwoman Janet Yellen is the front runner.
It seems they are waiting out this shutdown/debt ceiling negotiations before nominating her as they don't want the GOP trying to use her confirmation as part of these negotiations. I could be wrong of course. But everyone seems to know the pick and they seemed ready to announce it not too long ago.
http://blogs.wsj.com/economics/2013/10/ ... more-days/
Government shutdown or not, Obama announced his nomination of Yellen a couple of days ago. So she's no longer the "front runner," she the official nominee. I'm hard pressed to think she won't be confirmed by the Senate.