Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.
Credit Mark Wilson / Getty Images
Lawrence Summers is a former Treasury secretary and former president of Harvard University.
Originally published on Thu August 1, 2013 9:56 am
Of all the legacies presidents leave behind, few are as important — yet as poorly understood in the moment — as their picks for chairman of the Federal Reserve.
Paul Volcker, credited with taming double-digit inflation through backbreaking high interest rates that contributed to the recession of the early 1980s, was among President Jimmy Carter's most consequential appointments.
U.S. Army Gen. Keith Alexander, commander of the U.S. Cyber Command, director of the National Security Agency (NSA), testifies during a Senate Appropriations Committee hearing on Capitol Hill, on Wednesday.
Seventh-grader Senicka Arciaga-Spears wants to be a Boy Scout. Over a homemade Sunday evening dinner, he tells his two moms, Eliza and Kelly, that he wants to learn survival skills — including fishing and "dangerous hiking."
Eliza would like her son to join the Scouts, too. "They teach discipline and obedience and respect and self-sufficiency. I want that for him," she says. "I want him to learn those things and be surrounded by those things."
Back in the day, when Anthony Weiner was still a youthful Democratic representative from Brooklyn, before the dirty texts and the penis photos chased him from Washington, before his scrabbling, sinking campaign for New York City mayor, he strove to emulate his predecessor.