Fed succession

Breaking news on the Fed succession front–Larry Summers has withdrawn his name from consideration for the next Fed chair. At this point, that means that Yellen has to be the frontrunner–however, with the proxy political battle that has been playing out between Yellen and Summers over the last couple months, its entirely possible that the Obama administration will decide to go in an entirely different direction. If that’s the case, perhaps we can expect someone like Roger Ferguson or Stan Fisher.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s