Two days ago, despite the ongoing government standstill, Obama appointed the next Fed Chair, Janet Yellen. Her nomination was not a major surprise — especially after Summers dropped out last month.
Once she takes the helm from Bernanke in early 2014, Yellen’s biggest challenge will be determining the best QE policies. Her track record, though, should serve as a good forecast. As a recent WSJ article highlighted, “With inflation running below its 2% target, the central bank can afford to keep the nation’s credit spigots wide open to encourage economic growth and hiring, she has argued.” Don’t expect her to let any big banks off the hook, either.
For some fun, here are 9 interesting facts about our first ever Fed Chairwoman.
- In the market for a loan? Look no further than your neighborly private equity shop
- Private Equity: What’s in a Name?
- The JOBS Act isn’t all ‘Crowdfunding’
- Five reasons Men’s Wearhouse rejected Jos. A. Bank
- Banks pulled back on small business lending before the shutdown
- “Self” due diligence critical for companies involved in mergers & acquisitions
- Private equity fundraising likely to exceed 2012 Levels
- The first VC firm to ‘Generally Solicit’
- 3 ways to beat the competition
- A new investment bank, Kimberlite, to focus on advice
- 5 Linkedin profile tips to improve your social presence
- Riverstone invests in Carrier Energy
- Convergint Technologies acquires Qualified Systems Contracting Inc.
- Kanye Anderson invests in Outrigger Energy
- Tenex agrees to Buy Walter Meier Tools
- Lionbridge acquires E5 Systems
- PE-backed Biomet buys Lanx
- Apax Partners’ Funds acquire GlobalLogic
- LongueVue Capital Partners acquires Ascent Aviation Services from Victory Park Capital