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From Jason Payne, Market News Analyst …
Amid no shortage of political drama during recent weeks, President Obama nominated Janet Yellen to succeed Ben Bernanke as chairman of the U.S. Federal Reserve Bank – an important (and encouraging) development for investors of all stripes, including most real estate investors.
By nominating Yellen, the White House has not only selected a longstanding veteran of the Federal Reserve system, widely touted as being the most qualified individual ever picked to lead the central bank, but also extended – at least temporarily – the Fed’s “easy money”, accommodative, dovish strategy for regulating the U.S. financial system.
As the Fed’s current vice chairman, Yellen shares many of the same economic philosophies as her predecessor, and most analysts expect a generally seamless transition of leadership when Bernanke’s heir apparent takes the reigns on February 1, 2014…
…although these continue to be unprecedented…
Jason Payne
is a management consultant and founder of the Groundwar Group -- a private consulting firm providing premier corporate advisory and leadership training solutions for business leaders and investors worldwide. Mr. Payne is also the Senior Market News Analyst and a featured "Mindset" advisor for more than 15,000 entrepreneurs and investors at RealEstateMogul.com -- roles he has held since 2013 and 2014, respectively. In these capacities, Jason draws from more than a decade of successful business and investment research on Wall Street to provide insightful commentaries on a wide variety of investing- and leadership-related topics.
Mr. Payne began his career as a research analyst in the award-winning Equity Research department of Morgan Keegan & Company, where at 26 years of age, he became one of the youngest published analysts on Wall Street -- with a specialized focus on real estate investment trusts (REITs). Jason also holds a degree in Finance from New York University's prestigious Leonard N. Stern School of Business, and he is currently completing his professional residency within the Global Leadership Training program of Uruguay's multinational Geronimo Center for Innovation & Leadership.