tag:blogger.com,1999:blog-4900303239154048192.post1304115253581082115..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Roger Lowenstein’s Reason to Rule Out Janet YellenUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4900303239154048192.post-87670186947587451942013-09-19T09:22:13.834-04:002013-09-19T09:22:13.834-04:00The article is somewhat incoherent.
Janet Yellen ...The article is somewhat incoherent.<br /><br />Janet Yellen is a banker. She has been working in the Fed as both a governor and a bank president since the 90's with only a brief stint back in government in the late 90's.<br /><br />Oddly, Lowenstein cites Volcker as someone who was a banker, appealing to his experience as president of the NY Fed. But Yellen was President of the San Francisco Fed for 6 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-54722701490019998102013-09-19T06:37:48.947-04:002013-09-19T06:37:48.947-04:00It's not so much a "reason to" but a...It's not so much a "reason to" but a "reason why" Janet Yellen might be ruled out. Face. Specifically, Presidential face. Nobody likes to have someone forced on them. That Dr. Yellen was not President Obama's preference, and that his first choice felt compelled to with draw does not bode well for her chances. It will be interesting to see if the President finds a face-saving way to nominate Dr. Yellen or if he finds another candidate instead.Bob Sharakhttps://www.blogger.com/profile/11777008612480753658noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-48718758201258011822013-09-18T17:07:07.275-04:002013-09-18T17:07:07.275-04:00Oh, I turn out to be wrong about the taper. I hea...Oh, I turn out to be wrong about the taper. I heard a news report earlier in the day saying that they had decided to reduce their purchases by 10-15%, but now hear that they have decided to make no changes at all. Will Obama and gang view this as her not being tough enough on inflation or not willing to go against Fed herds? I am sure they can spin it against her, just as lots of Republicans spin anything Obama does or says against him.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-61237095405010359472013-09-18T14:49:06.023-04:002013-09-18T14:49:06.023-04:00yeah put in a banker. cut out the middle man!
I t...yeah put in a banker. cut out the middle man!<br /><br />I thought Lowenstein was better than this. Peterhttps://www.blogger.com/profile/08272747870634233567noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-91160587607330956972013-09-18T14:13:54.702-04:002013-09-18T14:13:54.702-04:00This dreck seems to resemble White House murmering...This dreck seems to resemble White House murmerings of wanting someone from outside to shake up the Fed, although not necessarily a banker. As it is, if he thinks Yellen will never tighten, she seems to be on board with yesterday's FOMC to begin a small taper, for better or worse, but I still support her.<br /><br />What gives away what an abysmallhy stupid columnn this one is that after eliminating one possible candidate after another, he fails to name a single one. Does he want somebody like Jaime Dimon? Really, come on. This is a seriously out to lunch column.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.com