Congress debates potential Janet Yellen nomination

The president’s decision on whom to nominate to be the next Federal Reserve chair increasingly appears to be coming down to Larry Summers and Janet Yellen. Ezra describes. blowback from senators to.

Janet Yellen: President Barack Obama has nominated Yellen to succeed Ben Bernanke as the head of the US Federal Reserve in January.

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The White House said US President Obama is to announce the nomination of Janet Yellen as next Fed Chair on Wednesday and that Obama is to hold an event at the White House at 1400CDT/2000BST to announce the Fed nomination.

Sen. Rand Paul said on Tuesday that he plans to place a hold on Janet Yellen’s nomination to be Federal Reserve chair to try and force a vote on a bill he argues would increase transparency at.

WASHINGTON (MarketWatch) – The following is the text of Federal Reserve Vice Chair Janet Yellen’s prepared comments before. I approach this task with a clear understanding that the Congress has.

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Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond.

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 · Advice and Extortion. The Kentucky Republican is seeking a vote on his Federal Reserve transparency legislation as part of considering the Yellen nomination. The announcement came in a YouTube video posted Thursday by the Campaign for Liberty, a nonprofit affiliated with Paul’s father, former Rep. Ron Paul, R-Texas.

Remarks by the President in Nominating Dr. Janet Yellen as Chair of the Board of Governors of the Federal Reserve System. 3:16 P.M. THE PRESIDENT: Good afternoon. Over the past five years, America has fought its way back from the worst recession since the Great Depression.

 · Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to.

Lawrence Henry Summers (born November 30, 1954) is an American economist, former Vice President of Development Economics and Chief Economist of the World Bank (1991-93), senior U.S. Treasury Department official throughout President Clinton’s.