Bernanke won't seek a further term after January 2014: http://www.zerohedge.com/news/2012-10-23/no-third-term-chairman www.businessinsider.com/nyt-bernanke-probably-wont-stand-for-a-third-term-2012-10 Any thoughts on the potential Bernanke replacements, and how dovish each of them are? Is there any chance that any of them could abandon QE and actually allow a deep recession / depression to occur?
I'm very surprised by this news, looking forward to reading his memoir when he is out and gets a book deal. I don't think this will change things hugely. Obama will appoint Yellen or another dove, Romney talks tough but he only did that when Rick Perry started to go full pitbull on the fed(before he never said bad things about bernanke), he didn't want to lose the Tea Party vote. He is likely to appoint Greg Mankiw He certainly won't appoint anyone who will bring a recession
well, he's got a lot more patience than me. If some senator like Schumer told me to get to work, they would still be bleeping out my response
Candidates: Yellen, Mankiw, Hubbard, Taylor, Summers, Geithner. If Obama is reelected, Summers. If Romney, given the governor's rhetoric regarding Bernanke, i'd wager he'd choose Taylor.
Fears Rise That Larry Summers Is Likely To Be Named Fed Chairman Given "his offensive and callous opinions on women," he should be easily confirmed by republicans.