We've already discussed here some of the reasons why Larry Summers would make a terrible choice for head of the Federal Reserve. Sen. Elizabeth Warren, among others have signed a letter backing his rival for the position, Janet Yellen instead, and this Sunday, her colleague Sen. Diane Feinstein voiced her support for Yellen as well.
July 28, 2013

We've already discussed here some of the reasons why Larry Summers would make a terrible choice for head of the Federal Reserve. Sen. Elizabeth Warren, among others have signed a letter backing his rival for the position, Janet Yellen instead, and this Sunday, her colleague Sen. Dianne Feinstein voiced her support for Yellen as well.

Sen. Feinstein: A Woman As Head Of Fed Would Be ‘Positive’ For Obama Admin:

Sen. Dianne Feinstein (D-CA) touted Janet Yellen as the next chair of the Federal Reserve, saying "a woman as head of the Fed, a qualified woman , would be a positive thing for this administration."

Yellen is currently the vice-chariman of the Federal Reserve Board of Governors and her name has been floated as a possibility for the top post. Larry Summers, the former chairman of the Treasury, is also said to be a top pick.

"Janet Yellen has been close to [Fed Chairman Ben] Bernanke," Feinstein said. "I am one that has thought Bernanke has done a very good job."

Let's hope the trend continues and we see more members of Congress speaking out in support of Yellen.

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