janet yellen to become Fed's vice chairwoman.

[Free Trade is managed by the invisible hand.]

I think she is a new- keynesian which probably means she will favor Fed Policies that are in favor of stabilization. It also appears that she is focused on the labor market which means there may be a trade off with inflation, but inflation is not a problem unless it is unexpected.

This is news to me because I have actually read up on some of her stuff.