PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Wednesday, October 9, 2013

President Obama Nominates Janet Yellen As Fed Chair

Janet Yellen, vice chairwoman of the Federal Reserve Bank, is pictured in April 2011. (Mark Lennihan/AP)

Janet Yellen, vice chairwoman of the Federal Reserve Bank, is pictured in April 2011. (Mark Lennihan/AP)

Update 3:22 p.m.: President Obama has formally nominated Janet Yellen to lead the Fed.

President Obama is expected to nominate Janet Yellen this afternoon to be the next chair of the Federal Reserve Bank.

Yellen, who is the current vice chair at the Fed, would be the first woman to head the bank, and some are arguing, perhaps the most powerful woman in U.S. history.

News of Yellen’s nomination comes after the other leading candidate for the post, former Obama adviser Larry Summers withdrew — he had reportedly been the president’s preferred choice but faced opposition from liberal Democrats in Congress.

Yellen brings long-term experience to the job — President Clinton appointed her to chair his Council of Economic Advisors — but if nominated and confirmed, she will likely face the task of unwinding the Feds’s massive stimulus programs.

Guest


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

June 6 Comment

Introducing A New Here & Now Website

Coming June 9, 2016, Here & Now listeners and visitors will experience our stories and journalism online in a whole new way.

June 3 Comment

Teenagers Create Impromptu Exhibit At San Francisco Museum Of Modern Art

As the pair toured the museum, they wondered if they could do better. So 16-year-old Kevin Nguyen decided to get creative.

June 3 3 Comments

‘Silver Linings Playbook’ Author Explores Conformity, Mental Health In New Teen Novel

Matthew Quick published his fourth young adult book, "Every Exquisite Thing," this week.

June 2 13 Comments

Do Meal Kits Provide Great Taste Along With Convenience?

Resident chef Kathy Gunst tested a multitude of meal kits, and gives co-host Jeremy Hobson the inside scoop.