Dr. Janet Yellin is President Obama's choice to head the Federal Reserve, a decision that is winning plaudits from Senate Dems to Wall Street. Yellin, the first female to head the extremely powerful Federal Reserve, was the preferred choice over Lawrence Summers by the Dems in the Senate, who felt that Summers was too much a relic of he past to be effective as Chairman of the Federal Reserve.
Good for Yellin, a groundbreaking leader who will bring more focus to the employment side of the economic scale.
(hat tip to faithful reader P.E.C.)
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