Sen. Dianne Feinstein (D-Calif.) on Sunday touted Janet Yellen for Federal Reserve chairman, saying that the selection of a woman for the post would be a “positive” for the Obama administration.
Feinstein signed on to a letter last week with fellow Democrats urging Obama to tap Yellen, currently the central bank’s vice chairman.
Yellen and Larry Summers, the former Treasury secretary and Obama economist, are seen as the frontrunners for the Federal Reserve job. Current Chairman Ben Bernanke is expected to leave when his second term ends on Jan. 31.
House Minority Leader Nancy Pelosi last week also weighed in on the decision, saying it would be “great to have a woman – first woman chairman of the Fed, no question about it.”
Treasury Secretary Jack Lew on Sunday declined to share any insight into the selection, saying he would keep his conversations with Obama “private.”
“I think that those conversations are best left in the privacy of the Oval Office,” said Lew on ABC’s “This Week.”