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The internet was buzzing over the weekend with speculation that President Obama will name – as early as today – Janet Yellen as his nominee to head the Federal Reserve Bank.
Yellen, seen as widely supported among the cognoscenti, would make an excellent selection.
We said it this morning in Her selection would be good politics, good for the economy.
in a brief item on Friday, Politico advanced the speculation in a story headlined White House pushing Janet Yellen nod to Senate Democrats
“Senior White House officials are asking Democratic senators to begin endorsing Janet Yellen, the exclusive front-runner to run the Federal Reserve, a Senate source said Friday,” Jonathan Allen wrote.
One of the Senators backing Yellen for the top Fed position is freshman Sen. Elizabeth Warren (D-Mass), the best new member of the exclusive Club of 100 in generations.
Sen. Warren has spoken out publicly on at least two occasions in the past couple of months in support of Yellen – even while Larry Summers was still in the running (he withdrew last week.)
In an interview with MSNBC, Warren said:
 “Janet Yellen would make a terrific Federal Reserve chair. I hope she is nominated. She has great experience, she has great judgment.”
If Yellen is good enough for Sen. Warren, then she’s good enough for me.

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