The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo35° Isolated Showers

Monday

Hi43° Mostly Sunny

Monday Night

Lo33° Slight Chc Rain/Snow

Tuesday

Hi41° Chance Rain/Snow

Tuesday Night

Lo34° Slight Chc Rain

Wednesday

Hi39° Chance Rain

Wednesday Night

Lo29° Mostly Cloudy

Christmas Day

Hi35° Mostly Sunny

Thursday Night

Lo25° Partly Cloudy

Friday

Hi34° 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