Feinstein: Woman As Head Of Fed Would Be 'Very Positive Thing' For Obama Administration


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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