Yellen: Man Enough for the Job?Follow

She'll just spend the economy on new shoes and purses.

She's a brilliant economist. She has the charisma of a dead raccoon. Not her fault, not about gender, but a legitimately bad fit for a job that's mostly PR.

Now, now, now. We can't have people that are actually good at their jobs in government. That undermines the entire argument that government does nothing right.

I'm guessing the federal reserve has a PR person that can charismaticly carry the message.

You are absolutely wrong. Do you understand the role of Fed Chairman(woman/person/whatever)?

Historically speaking, the position is like the least 'charismatic' appointee in government.

It really isn't. You may be mistaking "charismatic" with "populist". That's not what I mean. It doesn't matter if you think a Fed chairman communicates poorly or is unlikable. It matters a great deal if other Fed governors or private stakeholders do.

I guess I was mistaking that for *****.

What you are doing is mistaking someone not being a good fit for the job with the reason why. Larry Summers also a terrible fit for the job. Not because he's a white guy.

Can you explain again what makes her a poor match for the job. I don't get it?

Not without context.

http://www.bloomberg.com/video/94250137-yellen-says-more-easing-may-be-required.html

Here's her giving a speech. You tell me if she seems to be charismatic or not, I guess. There's not an equation I can present that would explain it, but the feeling that your grandmother is explaining something to you, poorly, seems to be a common feeling when she speaks. Again, brilliant economist. Could easily do the technical side of the job, and I'd assume the managerial piece. The public face of the Fed piece is the problem. I just want her to make me matzo ball soup. That's an emotional reaction, obviously, but pretending that doesn't matter to markets is silly.

http://www.youtube.com/watch?v=9LZOTh5ksHk

In contrast, here's Elizabeth Warren giving a speech. She doesn't have the technical accumen to be a Fed chairperson, but she has Charisma. Neither has a *****. See the difference?

Edited, Sep 18th 2013 1:43pm by Smasharoo

If he'd have picked her Obama would have been a badass.

Edited, Sep 18th 2013 3:20pm by lolgaxe

Janet Yellen appears to be the obvious and reasonable top pick for Chairman of the Fed.

Looks like you were right! It'll be interesting to see how her first couple of years go.

I'll be awaiting my designer bag and clogs.

I predict that, realising that money draws its value from the reflexive web of human expectations that is society, she'll fix the economy through widespread mind-control. Expect the street cost of LSD to increase in the short term, only to fall severely once public production gets going.

All my predictions come true, with liberal interpretation.

So to speak.

They didn't pick Carson Kressly...