The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo50° Mostly Cloudy

Monday

Hi65° Rain Likely

Monday Night

Lo47° Slight Chc Rain

Tuesday

Hi64° Mostly Sunny

Tuesday Night

Lo46° Chance Rain

Wednesday

Hi56° Rain Likely

Wednesday Night

Lo47° Rain Likely

Thursday

Hi60° Chance Rain

Thursday Night

Lo46° Chance Rain

Friday

Hi56° Chance Rain

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