should the fed over insider elected janet yellen or might there be an outside benefit with going witha fresh pair of eyes? >> janet is the obvious choice and my money is on janet to get the job. she has all the requisite experience, she has policy experience outside the fed as well. she is chair of the council of economic advisers, very thoughtful. i know some people on the panel don't agree with her policy choices but you read any of his speeches she is very thoughtful and very well versed in issues the fed is dealing with and going forward, that will be a very important point. an outsider would not be as well qualified to do that. cheryl: we are getting very close to the fed decision. we want to take a quick commercial break. our panel will be sticking around with us but do not move. more with our panel and the fed decision coming up in moments. dennis: we have charles payne, sandra smith, david asman joining us later with what they would ask the fed chief ben bernanke at his news conference. cheryl: as we go to break we will look at the market and look at the s&p, the winners and l

is said to be in the running, former clinton economic adviser, federal reserve vice chair woman janet yellen, all of them have been talked about. how big of a deal would it be for them to be appointed when this focus is just about everything? >> you know, chris, it would be a great break through. i think sheila bair should be on that list, too. she has shown extraordinary courage who, by the way, participated in running our economy off a cliff in 2008 and sheila bair was one of the people trying to slow that down, trying to really inject some responsibility and some sense of responsibility a into what wall street was doing. whoever is named head of treasury, i think that is the most important aspect of the treasury secretary, is to have someone who will stand up to the folks on wall street who are doing everything they can to undermine efforts to reregulate that segment of the economy. not having regulation on them, we know from experience, it can be disastrous to our economy and we need someone who is really strong. >> and there were reports early in president obama's first term, and i know