Here's The Petty Reason Obama Might Not Appoint Janet Yellen To Fed Chair

Read more: http://www.businessinsider.com/heres-the-petty-reason-obama-might-not-appoint-janet-yellen-to-the-fed-2013-9#ixzz2fGHFnj7e

"This idea that The White House might not appoint Yellen over frustration with how the Summers nomination went down has been reported elsewhere.

Immediately after Summers withdrew, David Wessel at The WSJ reported:

One leading candidate is Janet Yellen, the Fed's current vice chairwoman, who has garnered substantial support among Democrats in Congress and among economists. But the public lobbying on her behalf appears to have annoyed the president, say administration insiders, and may lead him to look elsewhere.

Bottom line: Yellen is now the favorite according to reports. But if she doesn't get it, it may be because the White House is angry at the way her supporters torpedoed his #1 pick."

Read more: http://www.businessinsider.com/heres-the-petty-reason-obama-might-not-appoint-janet-yellen-to-the-fed-2013-9#ixzz2fGHL3ZTx