Next Fed Head Should Meet the Bernie Sanders/Elizabeth Warren Standard

[xchrom]

http://www.thenation.com/blog/175724/next-fed-head-should-meet-bernie-sanderselizabeth-warren-standard#axzz2bqddiFuC


No presidential appointment, no Senate confirmation, matters more than the one that will soon come for the post of chairman of the Federal Reserve.

If ever there was a time to ask for more—and better—this is it.

Yet, for the most part, official Washington is on autopilot, preparing for the replacement of outgoing Federal Reserve chairman Ben Bernanke with another predictable insider—perhaps even a choice the ultimate predictable insider: former Treasury Secretary Larry Summers.

President Obama, who says he will make his selection this fall, has defended Summers. A number of prominent Democratic senators have suggested that the president consider a more appealing prospect: Janet Yellen, the vice chair of the board of governors of the Fed.

[djean111]

1. Oh, you are 100% right.

But I think Summers is a done deal. All that is left, really, is the fuckingly predictable spin.
Unless, of course, the GOP blocks the nomination.
Can a new president replace this post?