"Yellen was on the Board of the Greenspan Fed", if you prefer...
On 2013-07-26, at 9:58 AM, michael perelman wrote: > Does a member of the Fed board "serve under" the chair? > > > On Fri, Jul 26, 2013 at 6:43 AM, Marv Gandall <[email protected]> wrote: > > On 2013-07-26, at 8:52 AM, Robert Naiman wrote: > > > > "Moveon.org, a liberal group that provided major support to both Obama > > presidential campaigns, is circulating a petition entitled: "Don't let > > Larry Summers head the Fed," which accuses him of laying the groundwork for > > the deep U.S. recession." > > > > - Opposition mounts to Summers as possible Fed chief > > http://www.reuters.com/article/2013/07/26/usa-fed-summers-idUSL1N0FV0T820130726 > > > > Referring to this: > > > > Don't let Larry Summers head the Fed > > http://petitions.moveon.org/sign/dont-let-larry-summers?source=c.url&r_by=1135580 > > Summers is an abusive character, but is there even a dime's worth of > difference between him and the other rumoured contender, Janet Yellen? > > Even were one a conservative Republican and the other a liberal Democrat, > evolving economic and political conditions effectively decide policy > direction at the Fed and throughout the state apparatus. > > But there are not even any ideological differences to muddy the waters here. > Yellen served under Greenspan at the Fed and was also, like Summers, a key > economic advisor in the Clinton administration. If Summers can be accused of > helping lay the groundwork for the deep US recession, so too can Yellen, > which suggest that the objections to Summers by Moveon and other US liberals > are entirely personal rather than political in nature. > > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
