fed chair 2013
Janet Yellen's debut performance yesterday before the Senate Committee on Banking, Housing, and Urban Development may have inadvertently pointed investors toward the best profit opportunities in the continuing financial asset bubble.
The key is a single phrase, one with two meanings that signals where the real money will be made before the bubble goes "pop."Here's what Janet Yellen said...
Janet Yellen as the Next Fed Chair: What That Means for Markets, Economy
Janet Yellen as the Next Fed Chair: Today (Wednesday), U.S. President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to replace Ben Bernanke as the head of the U.S. central bank.
If she clears a Senate nomination, Yellen would be the first woman to lead the Federal Reserve and arguably the most experienced Fed chair in decades, based on her extensive tenure at the central bank.Wall Street will love Janet Yellen even more than Helicopter Ben...
The Next Federal Reserve Chairman: Summers Out, Yellen In
Larry Summers shocked Wall Street and Washington circles on Sunday by withdrawing his name for consideration as the next U.S. Federal Reserve chairman.
Summers wrote in a letter to U.S. President Barack Obama, "I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the Administration, or ultimately, the interests of the nation's ongoing economic recovery."
His decision comes at a critical point for the Federal Reserve. To continue reading, please click here...