The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo56° Breezy

Saturday

Hi77° Breezy

Saturday Night

Lo57° Partly Cloudy

Sunday

Hi76° Mostly Sunny

Sunday Night

Lo57° Partly Cloudy

Labor Day

Hi79° Mostly Sunny

Monday Night

Lo57° Partly Cloudy

Tuesday

Hi78° Sunny

Tuesday Night

Lo54° Partly Cloudy

Wednesday

Hi76° Mostly Sunny

The enigma of Janet Yellen

Send to Kindle
Print This

She who is about to become the most consequential woman in the history of American government will find it easier to be confirmed than it was to be nominated as the next chair of the Federal Reserve Board. Janet Yellen probably was the president’s second choice, but Senate Democrats demonstrated their intention and ability to reject Larry Summers.

Yellen, whose confirmation hearings are expected to begin Thursday, is suited to be the most important nomination of Barack Obama’s second term (unless there is another Supreme Court vacancy). She is experienced and accomplished, and she represents a broad swath of academic thinking about the power of monetary policy and the Fed’s proper role in wielding that power.

View my optionsorSign in