Nominee for new vice chairman of Federal Reserve (Ron Paul, employment, Barack Obama)

[delusianne]

(Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
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She is considered one of the most "dovish" members of the central bank's policymakers, meaning she is seen to lean toward policies that will boost growth and promote employment rather than those aimed at keeping inflation at bay.
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"The FOMC top brass is starting to look like the dream team," said Chris Rupkey of the Bank of Tokyo-Mitsubishi, referring to the Fed's interest rate-setting panel.

Obama to tap Yellen for Fed vice chair: source | Reuters

There are three seats to fill currently on the central bank's board; possible candidates are noted in the article.

[delusianne]

Well, shoot. My apologies to everyone Ive ever harassed about "You need to change your thread title." I wanted to change this to make it "Obama's nominee for new vice chairman of Federal Reserve," and sho nuff, the software wouldnt let me.

So, mi apologia.

[HappyTexan]

I think there's a short window of time when you can do it after you initially post it.
I've done it once or twice to mine so it can be done but within that window.

[newonecoming]

I strongly agree with inflation but we need it targeted the tools that the fed curently has are not fine enough for what needs doing.

[delusianne]

"The White House is also looking at Maryland's Commissioner of Financial Regulation Sarah Bloom Raskin and Massachusetts Institute of Technology Professor Peter Diamond for two other open seats.
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"Obama administration officials have sought to fill the seats with a mix of skill sets for the three postings. They want a skilled economist—a role Ms. Yellen fills—but they also want a market specialist and governors with a hands-on view of regulation, particularly when it comes to consumer finance matters. One model is the late Fed governor Edward Gramlich, who expressed concerns early last decade about abuses in the subprime mortgage market. But finding a skilled economist with that mix of skills has been a challenge."

Obama Plans to Nominate Yellen for Fed Vice Chairman - WSJ.com

[ergohead]

I nominate Ron Paul.