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October 09, 2013


Can Yellen Be Confirmed?

First Read notes that Janet Yellen's confirmation as Federal Reserve chair "won't be easy; if you've been paying attention to politics over the last two or three years, there isn't a lot of love of the Fed from the right. (Of course, that also shows you how conservatives and Wall Street couldn't be more far apart right now.) But also don't lose sight of the nomination's historic nature, given that Yellen would be the first woman to chair the Fed. While Obama and his West Wing team have gotten the reputation (fair or not) of being a Boy's Club, it's worth noting that some of Obama's most consequential appointments who will live well beyond his terms in office have been women -- Sonia Sotomayor and Elena Kagan to the Supreme Court, and Janet Yellen to the Fed (even if Yellen wasn't his first choice)."

Wonk Wire: Yellen's confirmation could take a while.












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