Does a member of the Fed board "serve under" the chair?
On Fri, Jul 26, 2013 at 6:43 AM, Marv Gandall <[email protected]> wrote: > > On 2013-07-26, at 8:52 AM, Robert Naiman wrote: > > > > "Moveon.org, a liberal group that provided major support to both Obama > presidential campaigns, is circulating a petition entitled: "Don't let > Larry Summers head the Fed," which accuses him of laying the groundwork for > the deep U.S. recession." > > > > - Opposition mounts to Summers as possible Fed chief > > > http://www.reuters.com/article/2013/07/26/usa-fed-summers-idUSL1N0FV0T820130726 > > > > Referring to this: > > > > Don't let Larry Summers head the Fed > > > http://petitions.moveon.org/sign/dont-let-larry-summers?source=c.url&r_by=1135580 > > Summers is an abusive character, but is there even a dime's worth of > difference between him and the other rumoured contender, Janet Yellen? > > Even were one a conservative Republican and the other a liberal Democrat, > evolving economic and political conditions effectively decide policy > direction at the Fed and throughout the state apparatus. > > But there are not even any ideological differences to muddy the waters > here. Yellen served under Greenspan at the Fed and was also, like Summers, > a key economic advisor in the Clinton administration. If Summers can be > accused of helping lay the groundwork for the deep US recession, so too can > Yellen, which suggest that the objections to Summers by Moveon and other US > liberals are entirely personal rather than political in nature. > > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com
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