In the midst of depressing addresses about the current government shutdown, President Barack Obama shared a glimmer of forward-thinking news yesterday. The President announced that he would nominate economist Janet Yellen, 67, to lead the Federal Reserve, a move that would see the central bank led by a woman for the first time ever, if she’s confirmed.
No woman has led the Fed in the century since it was established, or the Treasury Department in its 224-year history. If appointed, Yellen, who is currently vice chair of the Fed, would become one of the most powerful women in the country replacing outgoing Ben Bernanke as chair next February. And while Bernake steps down after an eight year stint that saw the worst financial crisis in decades, the POTUS is optimistic about his nominee’s ability to help turn things around.
“America’s workers and families will have a champion in Janet,” Obama said at a White House ceremony, attended by Yellen and Bernanke. “She is a proven leader, and she’s tough. Not just because she is from Brooklyn,” he continued. “She doesn’t have a crystal ball, but what she does have is a keen understanding of how the markets and the economy work, not just in theory but also in the real world.” The President has asked that the Senate confirm her quickly.
Yellen, who has years of experience in academia and the Central Bank, is expected to sustain the central bank’s easy money policies and efforts to curb joblessness. “More needs to be done to strengthen the recovery, particularly for those hardest hit by the Great Recession,” she said as she accepted Obama’s nomination. “The mandate of the Federal Reserve is to serve all the American people. And too many Americans still can’t find a job, and worry how they’ll pay their bills and provide for their families.”
No need to tell the American people that! Let’s just hope the appointment translates into more action and economic change. And now there’s a woman poised to head up the Central Bank, how about the first woman President in 2016 (Hillary, Michelle?)?
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Celebs Tweet Their Thoughts About #JusticeForSandraBland
1. Jesse Williams
#SandraBland's treatment while attempting to travel freely on HER public roadways has been acknowledged as unlawful. She is already dead.
2. Taraji P. Henson
"SAY HER NAME #SandraBland"
3. Ava DuVernay
"'Why are you arresting me?' Because you know your rights. Because I can. Because no one'll believe you. #SandraBland"
4. Kim Kardashian
#WhatHappenedToSandraBland We need answers!!!! This is NOT ok! This is all shady! They need to own up to this & tell the truth!
5. Jussie Smollet
"A loss 4 words. #SandraBlandMatters #BlackLivesMatter 👈🏿tell me this should change once the nation shows that we do. "
6. Snoop Dogg
🙏🌹. Sandra. Rip. 🌹🌹
7. K. Michelle
R.I.P to this queen. This could've been any of us. My prayers go out to her family. #sandrabland https://instagram.com/p/5fvlO_AhCf/
8. Gabrielle Union
SAY HER NAME!!! #SandraBland #SandraBland #SandraBland #SayHerName
"We must get to the cause of #sandrabland death because this CANNOT happen again #deathorfreedom"
10. David Banner
"When will we fight back. A man's duty on earth is to protect women and children. Where are the gangsters? Preachers? We need you. Please."
11. Nicki Minaj
"Rest In Peace #SandraBland"
12. Talib Kweli
"We the people ask @LorettaLynch to investigate #SandraBland #KimberleeRandleKing RETWEET "
Signs. Signs. Signs all around us. The Message is Here. #SandraBland
14. Missy Elliot
"When I look at the #SandraBland traffic video it brings so many emotions😳😢😡😡😤!"
15. Jessie J
"God bless your soul Sandra | #sandrabland | Change needs to come |Justice needs to be served | Heart… https://instagram.com/p/5fV79mQ0aw/ "
16. Jackee Harry
"It's time y'all, it's time.." #SandraBland #BlackLivesMatter
"In memory of #SandraBland these things don't make no kinda sense "
18. Holly Robinson Peete
I really don't look forward to having ANOTHER difficult conversation w my kids tonight...but here we go again😧💔 #SandraBland #SayHerName 😢
19. Jeffrey White
Sadly, doesn't matter by whose hand she died. Unjustified arrested set the outcome in motion. The state murdered her. #JusticeForSandraBland
Sandra could have been your mother, sister, aunt, friend or if she wasn't killed the community outreach advisor A&M. #SandraBland
21. Joan Smalls
"My heart is broken. Sending my deepest condolence to her family and friends. May you find Strength, Peace and Justice. When will this stop? #EqualityForAll #RIP #Why #SayHerName
22. Gladys Knight
Sandra Bland.... #SayHerName #SandraBland
23. Cara Delevigne
Things need to change NOW #SANDRABLAND #Justice #Equality
24. Meek Mill
"Rip to that young lady that lost her life about a traffic stop! 🙏 ima make sure I pray for her and her family! 🙏😄😄😄"