{"id":6671083,"date":"2017-10-17T23:55:24","date_gmt":"2017-10-17T23:55:24","guid":{"rendered":"http:\/\/cfe.econ.jhu.edu\/?p=6671083"},"modified":"2017-10-21T11:37:51","modified_gmt":"2017-10-21T11:37:51","slug":"yellen-fed-chair","status":"publish","type":"post","link":"https:\/\/krieger.jhu.edu\/financial-economics\/2017\/10\/17\/yellen-fed-chair\/","title":{"rendered":"Yellen for Fed Chair?"},"content":{"rendered":"\n<p> I received several comments regarding the <a href=\"http:\/\/krieger.jhu.edu\/financial-economics\/powell-fed-chair\/\">post on Jay Powell,<\/a> asking whether I was implicitly stating a preference for Powell over Janet Yellen.  Nope.<\/p>\n<p> I clearly should have been less obtuse, but I meant only to be commenting on Powell, who had become a strong favorite according to the betting pundits. The Powell piece started with, <\/p>\n<p>  &hellip; let me begin with a negative. I believe in training and expertise, and Powell-like Warsh, Cohn, and a number of others who have ostensibly been on the short list-has no strong training or background in macroeconomics or monetary policy. For this reason, I think none of these folks is the ideal candidate. <\/p>\n<p>Let me make the point clearer: Chair Yellen, like Chair Bernanke before her, exemplifies the ideal.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-poll\/powell-likely-next-fed-chief-though-yellen-best-suited-economists-idUSKBN1CM1C8\">According to Reuters headlines,<\/a> my preference is pretty common among those in my profession: &ldquo;Powell likely next Fed chief, though Yellen best suited: economists.&rdquo; But neither I nor my colleagues will make the pick.<\/p>\n<p>In a series of posts, I&rsquo;ve been praising the steady, predictable, <i>low-drama<\/i> Fed policy over the last several years.  More of the same seems like a lovely idea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I received several comments regarding the post on Jay Powell, asking whether I was implicitly stating a preference for Powell over Janet Yellen. Nope. I clearly should have been less obtuse, but I meant only to be commenting on Powell, who had become a strong favorite according to the betting pundits. The Powell piece started [&hellip;]<\/p>\n","protected":false},"author":472,"featured_media":6671085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[112,113],"tags":[],"coauthors":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/6671083"}],"collection":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/users\/472"}],"replies":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/comments?post=6671083"}],"version-history":[{"count":8,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/6671083\/revisions"}],"predecessor-version":[{"id":6671092,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/6671083\/revisions\/6671092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/media\/6671085"}],"wp:attachment":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/media?parent=6671083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/categories?post=6671083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/tags?post=6671083"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/coauthors?post=6671083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}