Tag Archives: Janet Yellen

Would Janet Yellen as Fed Chair Mark a Shift in Economic Policy?

The latest episode of the Black Finance and Fraud Report from The Real News Network. Bill is discussing whether Yellen’s confirmation marks a victory for progressive democrats?

Or you can visit the TRNN site that includes transcripts.

NEP’s Pavlina Tcherneva appears on Ian Masters’ Background Briefing

Pavlina appeared on Background Briefing with Ian Masters on October 10. One topic is the new Chairwoman of the Federal Reserve Janet Yellen, the first woman to hold what is considered the second most powerful position in the world. Discussion includes the good news at the Fed and the continuing bad news from the capitol where the Republicans are offering a truce until November 22 before they resume their threat to default.

You can listen to the interview here.

Or visit the site here.

Larry Summers Got a Bad Rap on Stimulus: Obama is the Problem

By William K. Black

I am a strong supporter of Janet Yellen and believe her support for the fiscal and monetary policies best designed to produce a stronger, prompter recovery from the Great Recession makes her the superior replacement for Ben Bernanke.  The criticism of Larry Summers’ position on fiscal stimulus, however, was generally inaccurate.  Within the Obama/Biden administration, the best known economists (Summers, Christina Romer, and Jared Bernstein) proved dramatically better economists than did the non-economists who eventually came to dominate Obama’s economic policies (Timothy Geithner, Jacob Lew, and William Daley).  Summers, Romer, and Bernstein were strong voices in favor of fiscal stimulus.  Summers deserves some additional praise because he had to break from his mentor’s (Bob Rubin’s) pro-austerity dogmas to reach his anti-austerian position.

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The Banksters Master Irony: Push Summers & Geithner for Fed due to their Regulatory Zeal

By William K. Black

The big banks are desperate to prevent Janet Yellen from being appointed as Bernanke’s successor to run the Fed.  Their sexist attacks have backfired.  On August 1, 2013, Deutsche Bank launched the single most absurd assertion to block Yellen’s appointment.  Deutsche Bank wants Larry Summers, or better yet Timothy Geithner, to (not) regulate them because not being regulated effectively is its highest priority.

“To the extent that the job has become much more international and with more regulation and supervision within the new financial world order, that makes people such as Summers and former Treasury Secretary Tim Geithner compelling candidates,” says Deutsche Bank economist Joseph Lavorgna.

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