The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

Today

Hi67° Sprinkles

Tonight

Lo48° Showers Likely

Tuesday

Hi55° Showers Likely

Tuesday Night

Lo41° Mostly Cloudy

Wednesday

Hi57° Slight Chc Showers

Wednesday Night

Lo42° Slight Chc Rain

Thursday

Hi62° Rain Likely

Thursday Night

Lo44° Chance Rain

Friday

Hi64° Chance Showers

Friday Night

Lo41° Chance Showers

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