“The White House whittled down its candidates to succeed Federal Reserve Chairman Ben Bernanke to two names: Current Fed Vice-Chair Janet Yellen and long-time Washington, D.C., economic guru Larry Summers. Both candidates bring strong resumes, decades of experience with U.S. monetary policy, and about an equal amount of baggage. Yellen’s favorables include serving the past three years as Bernanke’s second in command, a factor that would presumably soothe potential market fears of a significant change in Fed policy. Yellen is known as a strong supporter of the easy money policies initiated by the Fed in the wake of the financial crisis.”
http://www.foxbusiness.com/business-leaders/2013/07/25/fed-chief-race-down-to-two/
(Visited 40 times, 1 visits today)
Related posts:
Banking will be transformed – by technology, not politics
‘Beats paying $10K’: Uninsured opt for Obamacare fine over coverage
School District Hires Company To Monitor Students’ Social Media Posts
China hits back with report on U.S. human rights record
Money hidden in pastries confiscated in Germany
Government 'Cyber Troops' Manipulate Facebook, Twitter: Oxford Study
Wine producers go hi-tech to protect against fraud
Illinois medical marijuana bill to be signed Thursday
Sacre bleu! Poor weather ruins 2013 wine grape harvest in France
Poll: Three-fourths of US says pot will be legal
How municipalities in St. Louis County, Mo., profit from poverty
Tesla's Elon Musk Is No Dummy
World Jewish Congress: World Must Outlaw ‘Holocaust Denial’ And Ban Neo-Nazi Parties
European central banks mull bolder moves to prevent low inflation
'Pirate Bay' for 3D printing launched