Thursday, August 15, 2013
Bernie Sanders And Elizabeth Warren Have 4 Questions For Federal Reserve Candidates
The second term of Ben Bernanke as Federal Reserve Chairman will end this coming January. President Obama has said he is considering three candidates -- Fed Vice Chairman Janet Yellen, economic advisor Lawrence Summers, and former Fed Vice Chairman Donald Kohn. The president is expected to announce his choice this Fall, and then the nomination will go to the Senate for confirmation.
My two favorite senators, Bernie Sanders (I-Vermont) and Elizabeth Warren (D-Massachusetts), believe the next Fed Chairman should support a monetary and economic policy that benefits consumers and workers rather than Wall Street. And they have come up with four vital questions they want the next candidate to answer before they commit to vote for his/her confirmation. Here are those questions, as Warren and Sanders put them in an article for The Huffington Post:
The decisions made by the next chair of the Federal Reserve will have a powerful impact on the economic well-being of every person in America.