and she s not a guy. janet yellin, who would be the first woman to chair the federal reserve ever. on paper at least, she is more qualified for the job than anyone in modern history. volcker ran the new york fed for four years. she ran the san francisco fed for six years. greenspan and bernanke ran the the economic advisers. yeah, she did that, too, to two years. also, she did three years on the fed board of governors and she s vice chair there now as well and she also worked as an economist. back in the day. the day before janet yellin was announced as president obama s nominee, the washington post s economic policy blog told her perhaps the most qualified fed chair in history. yeah, she predicted the financial crisis when other people were poo-pooing it. and, yes, she would be the first
board of the fed. that s the experience of the three guys who have done this before. now, here is the person who president obama has just nominated to do it next. and she s not a guy. janet yellin, who would be the first woman to chair the federal reserve ever. on paper at least, she is more qualified for the job than anyone in modern history. volcker ran the new york fed for four years. she ran for six years. yeah, she did that, too. for two years. also, she did three years on the fed board of governors and she s vice chair there now as well and she also worked as an economist. the day before janet yellin was announced as president obama s nominee, the washington post s economic policy blog told her perhaps the most qualified fed chair in history. yeah, she predicted the financial crisis when other
is this the turning of the tide that we re supposed to be watching here? reporter: you phrase it very well, thomas, because i think we can make a distinction in their approach in the first two years of the obama administration and the last two years of the obama administration. as they put it here themselves, they re going to move from a legislation phase, dealing with capitol hill and health care and all the big issues they dealt with in the two years, to an implementation phase. legislation out, implementation in. recovery out, competitiveness in, at least as far as it s concerned with the names of these boards here. jeff immelt named to the council of jobs and competitiveness. he s going to chair that council. paul volcker out, immelt in. volcker ran the economic recovery board. so a shift in emphasis here, and you re right. a number of signals, a number of signs to signal that, thomas. you mentioned bill daley coming in as chief of staff. he spent seven years on wall street with