Janet Without Delay News Today

The 30s and 40s, really, and we know what they mean to people. when they fall back on that this year as they do with so many of the negotiations, as congressman scott said you dont reward them for doing the right thing by raising the debt ceiling. >> senator, i want to get your thoughts on another big story, the big nonshutdown story today, which is the nomination of janet yellen, take a listen to the president introducing her today in washington. >> and given the urgent economic challenges faci...

Urge the senate to confirm janet without delay. i am absolutely confident that she will be an exceptional chair of the federal reserve. i should add she will be the first woman to lead the fed in its 100-year history. >> you wrote a letter with a bunch of other senators praising her. how are you feeling today with the president making the announcement? >> feeling good, i think the president did the right thing. for a couple of things i circulated the letter. a third of the senate, 20 of the 30 s...

Moving forward during the remainder of his tenure here. well have occasion for additional good-byes and i know that janet is very much counting on him to give some good advice to her as she moves into the chairmans spot. but with this, i would like to give janet a chance to say a few words. [ applause ] >> thank you, mr. president. im honored and humbled by the faith that youve placed in me. if confirmed by the senate, i pledge to do my utmost to keep that trust and meet the great responsibiliti...

With high marks. the difficult thing for her, and i dont if this is a man or woman thing, shes got to get consensus -- no, shes got to let the people around the table believe shes got consensus while driving through with the policies she thinks are the best ones. bernanke has been good at that. he lets everybody speak from what i understand and sort of considers and rubs his beard a little bit then they get their say then kind of does what he wajts to do anyway. you can see it in the minutes, th...

As ive said the decision on who will succeed ben is one of the most important economic decisions ill make as president, one of the most important appointments any president can make because the chair of the fed is one of the most important policy makers in the world. next chair will help guide our economy after ive left office. ive considered a lot of factors, foremost among them is an understanding of the dual mandate, sound monetary policy to make sure we keep inflation in check, but also, inc...

Qualified for this role. she served in leadership positions at the fed for more than a decade. as vice chair for the past three years, shes been exem particularry and driving force to help boost economic recovery. she is renoned for her good judgment and sounded the alarm early about the housing bubble and the risks of a major recession. she doesnt have a crystal ball. when she does have a keen understanding how markets and the economy work, not just in theory but in the real world. she calls it...

Of the feds dual mandate and understands the necessity where we protect consumers to ensure no institution is too big to fail and to make sure taxpayers are never again left holding the bag because of mistakes of the reckless few. at the same time, shes committed to increasing employment and understands the human costs when americans cant find a job. she said before these are not just statistics to me, the toll is simply terrible on mental and physical health of workers on their marriages and ch...

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