Saving the Fed From Itself. Martin Feldstein, December 8, 2013, Opinion. "The Federal Reserve is pursuing a very risky monetary policy. Its leaders — the departing chairman, Ben S. Bernanke, and the vice chairwoman, Janet L. Yellen, whom President Obama has nominated to succeed him — are correct that the American economy needs more stimulus, and they believe that the central bank, because of political paralysis, is the only game in town. But if Congress and the Obama administration could agree on a fiscal stimulus that goes beyond a short-term budget deal, the Fed would not have to take such risks..." Link verified April 3, 2014