Janet Yellen as Federal Reserve Chairman Will Be a Very Powerful Woman

BlogHer Original Post

President Obama is scheduled today to name Janet Yellen to be Chairman of the Federal Reserve. Yellen, who would be the first woman to head up the Fed, became the front runner in the search after former Secretary of the Treasury (and Yellen’s former student at Harvard) Larry Summers withdrew his name from the running.

Like Liz at Hello Ladies, I hope our nation can mark this milestone without implying that a female candidate is somehow a token. Liz writes:

"No doubt, it’s exciting to think a woman may finally head the Fed, and for those of us who recognize the value of diverse leadership, it’s encouraging to see Obama choose a woman. But the conversation about Yellen doesn’t need to be either or (either he picks a woman or a qualified candidate). The conversation about Yellen should include the words “yes and.” Yes, a woman will head the Federal Reserve, and she has the credentials to lead the organization. Both of those facts can coexist."

Check out more of what Liz has to say in her post Janet Yellen, Yes And... at Hello Ladies, then tell us what you think of President Obama's move.

May 9, 2005 - San Francisco, CA, USA - Janet Yellen poses for a photo at the Federal Reserve Bank in San Francisco, California, May 9, 2005. Yellen served as president and chief executive officer of the Federal Reserve Bank of San Francisco from 2004-2011. Dr. Yellen is currently the Vice Chair of the Board of Governors of the Federal Reserve System. (Credit Image: © Nader Khouri/MCT/ZUMAPRESS.com)

News and Politics Editor Grace Hwang Lynch blogs about raising an Asian mixed-race family at HapaMama.

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