Bye Bye Bernanke? Who Would Be Next?
Thoughts on this? Heister brings up a good question: "Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?"
via Bloomberg:
Obama Says Bernanke Has Been at Fed ‘Longer Than He Wanted’
Federal Reserve Chairman Ben S. Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.President Barack Obama said“Ben Bernanke’s done an outstanding job,” Obama said in an interview with Charlie Rose that aired yesterday, when asked about nominating him for another term subject to Senate approval. “He’s already stayed a lot longer than he wanted or he was supposed to.”
Director Robert Mueller, who stayed on for two years after his term expired in 2011 and is leaving his post in September. Bernanke’s second four-year stint at the central bank ends Jan. 31.Obama likened Bernanke’s tenure to that of outgoing Federal Bureau of Investigation
Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?
If you are nominated for a public policy position and are forced to liquidate a position in a company due to conflict of interest you are exempt from taxes, why do you think HP took the Treasury post.
This sounds about right haha
That is beautiful ^
bro I
It looks bad to have someone who is not a Ph.D Economist as the chairperson for the Fed. Although if anyone could be chosen, I think Dimon should get the job.
It looks bad when anyone has the job.
I agree - probability is against him losin billions again gud call
I doubt it will be Dimon. I'd love to see a long-shot, semi-wacky academic be considered like Nassim Taleb or Nouriel Roubini.
Ben Bernanke did a great job and the worst job during his term. Letting Lehman brothers fail is in my opinion what led to the devastating collapse of the financial system, and in turn the whole economy. In case people do not remember in 2008, solid American companies like GE were not able to tap into the capital markets to access liquidity. American auto companies and other cash intensive industries were running out and about to fail because no one was lending money.
After that though, Bernanke did a great job. Now he can resign and find some cushy job as a ceo of a company paying tens of millions of dollars. -_-
Knowing Obama it will be some hard core redistribution zelot.
got to hear Reinhart (not Carmen, but her husband , Vincent also an Ivy League economist) speak 8 months or so ago. he said Obama will want to nominate a "first". probably first woman, maybe first minority also. Dimon for Treasury Sec later in his career for sure.
Nassim Taleb is too intelligent for a post like this. Though, if somehow he is chosen, the economy might still have some chance of recovering/stabilizing.
Every analysis points to Janet Yellen so far and I'm not sure what to make of her.
Its shit like this that pisses me off, he is more worried about picking a 1st or his legacy to actually make choices that are in the nations best interest. Could a woman do the job as well as a man sure, but the criteria need to be job compentcy and abilities not just picking a black woman to do the job for the sake of making a "ground breaking" pick.
Yellen. Or god forbid Larry "I fuck up everything I touch" Summers.
Amen
Na its the government man, its the "well if shit isn't hitting the fan we aren't doing it right" world view.
Jon Corzine will be the nominee. Sorry for the spoiler folks.
Yeah, Obama has zero interest in picking someone who might be a good chairman. He is only interested in the optics. I cannot believe this clown was elected twice.
This country deserves to be a relic.
Even though I don't think it'd ever happen, I think Dalio would make a great Fed Chairman. His public articles on the topic (http://www.bwater.com/home/research--press/how-the-economic-machine-wor…) are great and although not that in-depth I think the guy would have some great plans at this crux in the economy.
Have banana because you hit the nail on it's head.
serious proposal...Roger Ferguson? satisfies the minority thing thats being thrown around
He is ex-McKinsey too, not that it has any significant bearing.
I'd like to see Rogoff
Siegel. I'm not sure if his ideology exactly aligns with the current government, but I don't think I've ever met anyone else quite as remarkable when it comes to this sort of stuff. He has his finger on the pulse of the market at any given moment. Took a course with him at Wharton and it felt like every class I would ask myself, "Why is this guy not in charge of the economy?"
Cut out the middleman and let the bond market chair the Fed (via @EddyElfenbein on twitter)
haha, nice
If (when) CIT gets bought out.....Thain
u must be kidding
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