Simon Johnson: Obama Should Pick Janet Yellen For Fed

Simon Johnson Reveals His Fed Pick
WASHINGTON, DC - MARCH 14: Massachusetts Institute of Technology Sloan School of Managment Professor Simon Johnson testifies before the Congressional Joint Economic Committee in the Dirksen Senate Office Building on Capitol Hill March 14, 2013 in Washington, DC. The bipartisan committee took testimony from a panel of economists during the hearing, titled 'Flirting With Disaster: Solving the Federal Debt Crisis,' (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - MARCH 14: Massachusetts Institute of Technology Sloan School of Managment Professor Simon Johnson testifies before the Congressional Joint Economic Committee in the Dirksen Senate Office Building on Capitol Hill March 14, 2013 in Washington, DC. The bipartisan committee took testimony from a panel of economists during the hearing, titled 'Flirting With Disaster: Solving the Federal Debt Crisis,' (Photo by Chip Somodevilla/Getty Images)

Recent news reports suggest the White House may be thinking of dropping Janet Yellen as its preferred candidate to become the next chairman of the Federal Reserve. This would be a big mistake. The best possible team would be Yellen as Fed chief, along with two strong vice chairmen.

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