Sen. Dianne Feinstein (D-CA) touted Janet Yellen as the next chair of the Federal Reserve, saying “a woman as head of the Fed, a qualified woman , would be a positive thing for this administration.”
Yellen is currently the vice-chariman of the Federal Reserve Board of Governors and her name has been floated as a possibility for the top post. Larry Summers, the former chairman of the Treasury, is also said to be a top pick.
“Janet Yellen has been close to [Fed Chairman Ben] Bernanke,” Feinstein said. “I am one that has thought Bernanke has done a very good job.”
A number of Democratic senators, including Feinstein, signed a letter to President Barack Obama urging him to pick Yellen for the position.
