Wolfers praises nomination of Janet Yellen as Federal Reserve Chairman

October 8, 2013

President Barack Obama has announced that he plans to nominate Janet Yellen as the next chairman of the Federal Reserve Board. In a Bloomberg View column, Justin Wolfers explains why he is enthusiastic by the historic selection.

In the article, Wolfers describes Yellen as an "imaginative and technically adept economist possessed of a brilliant and precise mind" who is "quite simply more qualified for the job than any of her predecessors." He notes that she has been a leading voice within the Fed for the past two decades and is a tough and natural leader with a clear economic policy vision. Wolfers also applauds the historic nature of her appointment in the male-dominated field of economics since, if confirmed, Yellen will be the first woman to serve as Federal Reserve Chairman.