Sen. Sherrod Brown, who helped lead a Senate push to convince President Barack Obama to nominate Janet Yellen to the chairmanship of the Federal Reserve, sat down with Yellen for about an hour today.
The two met privately. Brown, D-Ohio, who wrote a letter earlier this year urging Obama to nominate Yellen that was signed by about a third of Senate Democrats, called Yellen the “steady-handed, consensus builder we need at the helm of the Federal Reserve.” Yellen received the nomination over former Treasury Secretary Lawrence Summers, who was widely believed to be Obama’s first pick. Summers withdrew his name from consideration after an outcry from liberal groups and women’s organizations who were critical of the former Harvard President.
Brown had high praise for Yellen after their meeting.
“With more than a decade in the Federal Reserve system, including the last three as the point person for monetary policy, no one is more qualified for this job,” he said.
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