Janet Yellen is now the clear front-runner to be nominated as chair of the powerful Federal Reserve and her status as President Barack Obama’s second choice, while awkward, could ultimately serve as an asset during confirmation and in the central bank’s top job.
President Barack Obama says his next Fed chairman should take ordinary people into account when setting monetary policy.
Ben Bernanke gave the graduating class of Princeton University one of the more unusual speeches for a Federal Reserve chairman: He quoted everyone from Lily Tomlin to Forrest Gump and scarcely mentioned economics.
Ron Paul’s impact on the future of America and how the nation remembers his involvement with the GOP presidential campaign process of 2012 is his and his alone. By saying that he cannot fully support the Republican Party’s choice and raising the discontentment of his supporters, he is on the verge of being best remembered as the presidential election spoiler – or attempted spoiler – of 2012.