Canalblog
Editer l'article Suivre ce blog Administration + Créer mon blog
Publicité
parquet flooring
21 août 2013

Yellen allies wage behind-the-scenes effort to win Federal Reserve nod

The old colleagues'pared notes on what reporters were asking about Summers, who was under a steady assault from liberals who consider him as soft on regulating banks, and mapped out how they might respond.President Obama's long-term advisers have been working to help Summers in what has b'e the hottest political campaign of 2013: the race to succeed Ben S. Bernanke as Fed chairman.Rarely has the appointment of a new Fed chairman been a'panied by so much'motion, penetrating even the political dead zone of mid-August. "I wouldn't want Larry Summers to mow my yard," Sen. Pat Roberts told an audience in his state this week, b'ing the first Republican to announce that he would oppose a nomination of the former Treasury secretary.

The fight pits allies of Summers, who also was Obama's top economic adviser during the darkest days of the recession, against those of rival candidate Janet Yellen, the Fed vice chairman who has been an architect of the bank's effort to reduce unemployment rates.The opposing camps have waged high-profile media campaigns, featuring dueling op-eds in the nation's top newspapers, interviews defending their candidates and'ments on social media. But the battle also has played out behind the scenes.As Geithner has helped Summers navigate the uproar this summer, he also has been consulted by the president on whom the next Fed chairman should be, said a person familiar with the matter. Longtime advisers to Obama such as Jim Messina and Stephanie Cutter, now in the private sector and more skilled in the world of politics and media than Summers, offered to lend a hand to their former colleague.

Meanwhile, allies of Yellen publicized her attributes in the media while privately lobbying on her behalf — often without much success.Christina Romer, a former chairman of the Council of Economic Advisers and a top advocate for Yellen, encouraged her former colleagues in the White House for months to introduce Yellen to a wider range of Obama aides, said a person familiar with the matter.But little came of it. Logs showed that Yellen visited the White House only once over the past 21 / 2 years,'pared with 15 times by Summers.

This is my favorite article:What's Happening With KUAthletics?

Publicité
Publicité
Commentaires
parquet flooring
Publicité
Archives
Publicité