By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Wednesday endorsed the nomination of Janet Yellen to head the United States (US) Federal Reserve. “I welcome President Obama’s nomination of Janet Yellen for the Fed Chair. Janet is an excellent choice for this […]
Tag: President Barack Obama
Janet Yellen nominated by Obama to head US Federal Reserve
US President Barack Obama has officially nominated Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank. He called her one of the nation’s foremost economists and policy makers. Ms Yellen said if confirmed by the Senate she would do her utmost “to promote maximum […]
America Should Declare Bankruptcy: Doug Casey
This week started with President Obama Monday demanding lawmakers raise the U.S.’s $16.4 trillion debt ceiling, warning Republicans not to insist on spending cuts in return. The same day, Federal Reserve Chairman Ben Bernanke advocated getting rid of the debt limit altogether. The Washington Post reports in a conversation at […]
