The speculation continues about the successor to Ben Bernanke. From a breaking-glass-ceilings point of view, Janet Yellen, now the vice chair, would become the first female chair. Crash-tingle-ouch. From an impressive resume point of view, she is a very impressive candidate, glass crashing notwithstanding. She is, after all, the vice chair at present. She was for more than six years President of the Federal Reserve Bank of San Francisco. Under Bill Clinton, she was a member of the President's Council of Economic Advisors. Going back a bit further, she did her undergrad work at Brown University and her graduate studies at Yale, receiving a Ph.D. from the latter in 1971. She is what is known in monetary policy as a "dove." The term arose because somebody somewhere internalized the metaphor of a "war" on inflation. So central bankers willing to risk recession or worse to fight inflation are "hawks" and those willing to make peace with inflation ...