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James Tobin

Yellen brings dovish bent, communications skill to Fed table

Janet Yellen, President Barack Obama's pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication - fitting for someone who once joked that her dinner guests should expect a discussion of economics.Yellen, a former professor who is currently the Fed's vice chair, has a reputation as one of the central bank's most employment-focused officials and has also been at the forefront of a communications "revolution" at the once-secretive Fed.She has been a close ally of Chairman Ben Bernanke as he took the central bank further and further into unfamiliar terrain to boost the U.S. economy, backing three rounds of bond buying that have swelled the Fed's balance sheet to about $3.7 trillion.Obama announced on Wednesday that he would nominate Yellen to succeed Bernanke. If confirmed by the U.S. Senate, she would be the first woman to head the Fed in its 100-year history.The white-haired Yellen played a big role in the Fed's adoption of a 2 p...

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