July 30th, 2013
09:45 PM ET

Should Obama choose a woman to be first Fed chair?

Federal Reserve chairman Ben Bernanke's term doesn't end until January of next year, but already, a debate is heating up over who will replace him.

A man like Larry Summers or the woman who appears to be his chief rival Janet Yellen

Up until now – all 14 chairmen have been men. But, the New York Times is endorsing Yellen, the vice chairwoman of the Fed's board of governors.

It appears Yellen's gender played a role in the paper's backing.

Obama Needs to Choose Janet Yellen

"Ms. Yellen is not that person, not only, or even mainly, because of policy differences but because she is not part of the fraternity. Indeed, she is reminiscent of other accomplished women with whom Mr. Summers, or his supporters, or both have tangled in the past."

Should Yellen's gender be a factor in the President's decision to pick Bernanke's replacement?

OutFront: Former practicing attorney Dean Obeidallah, Radio Show Host Stephanie Miller and CNN Contributor Reihan Salam.

Filed under: Economy • Politics
soundoff (One Response)
  1. Joey at Purdue Univ

    Gender's the last thing to do with it. Yellen for QE ∞, Summers for tough love. If PBS Frontline is accurate, it was Summers who wanted to lay the hammer down on the 5 Families of Wall St post-2008-crisis, and Geithner who kind of encouraged the President to implement the softer approach.

    July 30, 2013 at 10:10 pm | Reply

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