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11/01/2014 Yellen Wins Backing of Senators to Lead Fed

Author: Millennia2015

Source: NYT - Annie Lowrey

 

 

NYT_janet_yellen

 

   

Yellen Wins Backing of Senators to Lead Fed

NYT - Annie Lowrey

 

Extract from the article

 

As a Fed official, Ms. Yellen, 67, has been an influential proponent of the Fed's extraordinary measures to revive the economy, even though interest rates are already close to zero.


But as chairwoman, Ms. Yellen will face the arduous task of overseeing the gradual unwinding of those measures, despite an uncomfortably high unemployment rate of 7 percent and subdued inflation.

During the confirmation process, senators from both sides of the aisle criticized the Fed for not doing enough to aid the economy and help middle-class Americans, and for trying to do too much, thus distorting the markets and risking new bubbles.

 

 

=> Direct link to the article here: http://www.nytimes.com/2014/01/07/business/economy/Yellen-Senate-Vote.html?_r=0

 

 

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