Next Fed chair could be Janet Yellen. So what’s she like?

Allan Sloan Sep 25, 2013
HTML EMBED:
COPY

Next Fed chair could be Janet Yellen. So what’s she like?

Allan Sloan Sep 25, 2013
HTML EMBED:
COPY

After January, what is arguably the most powerful financial policy job in the world will be vacant. Former Treasury Secretary Lawrence Summers took himself out of the running for Federal Reserve chairman a couple weeks ago because he was worried about the confirmation fight. 

Allan Sloan, senior editor-at-large for Fortune magazine, says there’s a lot of buzz around current vice chair Janet Yellen to fill the spot — who he thinks, in reality, is much different than what her public persona may suggest. 

“In person she’s much better at explaining things than in her speeches, where she defaults to Fed speak and economic-ese.”

Allan Sloan, senior editor-at-large for Fortune magazine, joins Marketplace Morning Report host David Brancaccio to discuss. Click the audio player above to hear more. 

 

 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.