Federal Reserve

President Obama nominated Janet Yellen, Fed vice chair, to head the Federal Reserve on Oct. 9. If confirmed, she will take on Ben Bernanke’s role as chairman and be the first woman in that role. Networks lauded her nomination that evening, after having paid little attention to her liberal policies in recent months. Broadcast network evening and morning shows were giddy at the nomination of…

The next Federal Reserve Chairman will be Janet Yellen. President Barack Obama plans to nominate her on Oct. 9. Ahead of the announcement, Yellen, the liberal Fed vice chairman, was considered the most likely candidate to replace Ben Bernanke ever since Larry Summers, her chief rival for the nomination, bowed out of the race on Sept. 16. She was a frontrunner even before Summers’ withdrawal.…

So much for the recovery. Even liberals admit employment is “weak,” that household wealth hasn’t recovered and consumer experts say middle-class retailers are “struggling.” But two of the three broadcast news networks have been much more focused on “proof that the economy is getting stronger,” than on economic worries since the May jobs report was released June 6.