A Regular Feature to Help Your Business Improve Its Profitability
Janet Yellen to Head the Fed
Janet Yellen, affectionately nick-named "She Devil" by Washington and Wall Street, has finally been nominated by the President as Fed Chairman. Her nomination had been in doubt until Lawrence Summers withdrew from consideration. Wall Street gets the Chairman they want—the one with a decade of Fed experience and the one most likely to continue Bernanke’s policies. She spent time in the Fed with the Maestro, Alan Greenspan. She has hopefully learned to deal with a crisis aggressively and to take actions and make statements that are credible, not like the mixed messages we received for the past six months regarding QE tapering. I feel bad for Ben Bernanke; he will not get to finish what he started. When normal recovery finally arrives, She Devil will get the credit. If all goes well, she will take over as Fed Chairman at the beginning of February, 2014.