The Senate confirmed Janet L. Yellen as the chairwoman of the Federal Reserve, marking the first time that a woman has led the country’s central bank in its 100-year history. As a Fed official, Ms. Yellen, 67, has been an influential proponent of the Fed’s extraordinary measures to revive the economy, even though interest rates are already close to zero. But as chairwoman, Ms. Yellen’s arduous task will be to oversee the gradual unwinding of those extraordinary measures, despite an uncomfortably high unemployment rate of 7 percent and subdued inflation.
Blogs I Follow
- Pamela Roberts et Ezechiel Lopemba de SIL en visite à FAVL-BF
- Someday you might like this song by Jason Molina, Farewell Transmission, but don’t go down his dark path no no
- Why did the South support the Federal income tax and the 16th amendment? because they understood the Progressive movement all too well
- Who I Am & Why I Am Where I Am by Kaitlyn Aurelia Smith
- Kathryn Schulz in The New Yorker, on WIlliam Kelley, a fantastic short essay
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