Tag Archives: Federal Reserve

Enumerati

November Another Robust Jobs Month

211,000

Number of jobs the American economy created in November, the government reported Friday, “a robust showing that all but guarantees policy makers at the Federal Reserve will raise interest rates for the first time in nearly a decade when they meet this month,” the New York Times reports. “The unemployment rate held steady at 5 percent, unchanged from October.”

Poetic Justice

The Mysogeny Prodigy

Not getting the Fed nod must’ve been a bummer
For former Treasury Secretary Larry Summers.
But his sexist comments on women
Opened the door for Janet Yellen,
And just proved of the two Summers is dumber.

Verbatim

Sun Sets on Summers’ Fed Nomination

I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the Administration or, ultimately, the interests of the nation’s ongoing economic recovery.

— Former Treasury Secretary Lawrence Summers, pulling out of the contest to succeed Ben Bernanke as chairman of the Federal Reserve, the Wall Street Journal reports.