Janet Yellen

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New Fed chair must be a proponent of Main Street








By Marc H. Morial

Guest Commentator


“The Federal Reserve Chairman is not only one of the most important economic policymakers in America, he or she is one of the most important policymakers in the world.” — President Barack Obama

Welcome to the season of big decisions in Washington. In the coming days, President Obama will have to decide whether to order a military strike against the Syrian regime for using chemical weapons against its own people. Time is also running out for Congress and the administration to agree on a budget to avoid an October 1 government shutdown, and lawmakers are on the line to raise the debt ceiling to keep the nation from defaulting on its financial obligations. In the midst of all of this, the president must decide whom to pick for one of the most important jobs in the world — chairman of the Federal Reserve. “The Fed,” as it is commonly called, is the central bank of the United States, responsible for setting monetary policy and credit conditions in support of full employment and stable prices. Continue Reading →

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