WORD LISTS

Fed Chair Choices

July 26, 2013
The new Chairman of the Federal Reserve will affect monetary policy for years to come. Read about who is being considered to fill the position. Drawn from In Tug of War Over New Fed Leader, Some Gender Undertones From The New York Times, July 26, 2013.
intertwine
Her career has been intertwined with those of Christina D. Romer, who led Mr. Obama’s Council of Economic Advisers at the beginning of his first term, and Laura D’Andrea Tyson, who held the same job under President Clinton and later served as the director of the White House economic policy committee.
hierarchy
But no woman has climbed to the very top of the hierarchy to serve as Fed chairwoman or Treasury secretary.
rival
Ms. Yellen’s chief rival for Mr. Bernanke’s job, Lawrence H. Summers, is a member of a close-knit group of men, protégés of the former Treasury Secretary Robert E. Rubin, who have dominated economic policy-making in both the Clinton and the Obama administrations.
protege
Ms. Yellen’s chief rival for Mr. Bernanke’s job, Lawrence H. Summers, is a member of a close-knit group of men, protégés of the former Treasury Secretary Robert E. Rubin, who have dominated economic policy-making in both the Clinton and the Obama administrations.
successor
Mr. Bernanke’s successor must lead the Fed’s fractious policy-making committee in deciding how much longer and how much harder it should push to stimulate growth and seek to drive down the unemployment rate.
fractious
Mr. Bernanke’s successor must lead the Fed’s fractious policy-making committee in deciding how much longer and how much harder it should push to stimulate growth and seek to drive down the unemployment rate.
stimulus
Ms. Yellen’s selection would be a vote for continuity: she is an architect of the Fed’s stimulus campaign and shares with Mr. Bernanke a low-key, collaborative style.
collaborative
Ms. Yellen’s selection would be a vote for continuity: she is an architect of the Fed’s stimulus campaign and shares with Mr. Bernanke a low-key, collaborative style.
roil
But the choice also is roiling Washington because it is reviving longstanding and sensitive questions about the insularity of the Obama White House and the dearth of women in its top economic policy positions.
insularity
But the choice also is roiling Washington because it is reviving longstanding and sensitive questions about the insularity of the Obama White House and the dearth of women in its top economic policy positions.
dearth
But the choice also is roiling Washington because it is reviving longstanding and sensitive questions about the insularity of the Obama White House and the dearth of women in its top economic policy positions.
bolster
As word circulated in recent days that the president was seriously considering Mr. Summers, Ms. Yellen’s supporters have rushed forward to bolster her candidacy.
advocate
Mr. Summers’s supporters are making less noise in public, partly because some of his primary advocates are inside the White House, while Ms. Yellen’s primary advocates mostly appear to be on the outside looking in.
predecessor
That is not unusual for a top Fed official in Ms. Yellen’s position — her predecessors also spent little time at the White House — but it is significant for a president who has often placed a premium on nominating people he knows.
pluck
Mr. Bernanke, by contrast, was plucked from his job as a Fed governor to work as chairman of President Bush’s Council of Economic Advisers before being nominated as Fed chairman.
tenure
Women have held a number of top economic policy positions within the administration during Mr. Obama’s tenure.
cloister
Numerous current and former administration officials have described the world as cloistered.
exclude
A series of women who have worked alongside those men have ended their tenures saying that they felt excluded and ignored.
sexist
Several former administration officials, who spoke about personnel policy only on the condition of anonymity, strongly disputed the idea that the White House was institutionally sexist, that Mr. Obama did not value the promotion of women or that women were excluded because of their gender.
prevail
They also said that women tended to be further to the left than the more centrist Rubinites that have generally prevailed in policy debates.
navigate
Ms. Tyson, Ms. Romer and Ms. Yellen are especially close, calling one another for advice on navigating the world of White House politics and talking economic shop.
regulatory
Ms. Tyson recommended Ms. Yellen for an open seat on the Fed’s seven-member board of governors, which oversees regulatory policy and sets monetary policy in consultation with the presidents of the 12 regional reserve banks.
fellowship
She also helped to start the career of Ms. Brainard, now the Treasury under secretary for international affairs, by battling for permission to break the rules by extending Ms. Brainard’s White House fellowship into a full-time position with the Council of Economic Advisers.

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