Obama Nominates Janet Yellen To Lead Federal Reserve

@AFP

Washington (AFP) – President Barack Obama on Wednesday nominated respected economist Janet Yellen to lead the Federal Reserve, replacing outgoing Chairman Ben Bernanke, who carried the central bank through the financial crisis.

Yellen, 67, will be the first woman ever to lead the Fed, and is widely expected to sustain Bernanke’s focus on supporting the U.S. economy until joblessness can be brought down.

“America’s workers and families will have a champion in Janet,” Obama said in a White House ceremony, flanked by Yellen and Bernanke.

He called Yellen “exceptionally qualified” for what he said was one of the most important jobs in the world.

“She is a proven leader, and she’s tough. Not just because she is from Brooklyn,” Obama said.

He cited her record of having “sounded the alarm early” about the housing and financial bubble that led to the 2008-2009 recession.

“She calls it like she sees it,” Obama said.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Why Nobody Can Slut-Shame Boebert And Greene: They're 'Gun Chicks'

Rep. Lauren Boebert

After Representative Lauren Boebert (R-CO) disgraced herself at a Denver performance of the musical “Beetlejuice” last week by (among other things) going to third base with her date, here were three trends on X (the App Formerly Known As Twitter.) The first was the kind of name-calling you expect about any woman who is openly sexual in public: slut, skank, bimbo, whore—you choose a word for it, Boebert’s foes used it to call her out.

Keep reading...Show less
Kevin McCarthy

Speaker Kevin McCarthy

House Speaker Kevin McCarthy suffered yet another loss on Thursday, one that no speaker should ever experience. Five of his Republican colleagues rebelled against sending the defense appropriations bill to the floor, and blocked it. Again. These things aren’t supposed to happen in the House. Speakers don’t put a bill on the floor when they don’t have the votes locked up. A controlling bloc of the majority doesn’t vote against leadership. Republicans don’t vote against defense spending.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}