The econ-blogs and mainstream papers are all agog over the two candidates considered top contenders to replace Ben Bernanke as Federal Reserve chief, with many setting it up as a titanic battle of East and West—coasts, that is.
In the Left Coast corner is Janet Yellen, Fed Vice Chair and Berkeley Professor Emeritus, representing right-brained California generally and Berkeley specifically—as well as the nation’s women.
Standing in for the testosterone- and cholesterol-burdened East Coast is Larry Summers, erstwhile Harvard president and Director of the White House Economic Council until 2010.
Many think the two are a toss-up on economic policy, and a fair number give Summers the edge. But even those who think Summers should get the job—at least, over Yellen—aren’t necessarily feeling warm and fuzzy about him.
We like Yellen; she’s competent and personable. She works through consensus rather than intimidation. But we want to point out a couple other qualified Berkeley women: Christina Romer and Laura D’Andrea Tyson.