More Hints That Bernanke Is Leaving
from The Daily Bell
Bernanke Is One of the Most Consequential Central Bankers of All Time … The Federal Reserve has emerged as one of the most important government entities when it comes to the economy. Many economists credit the Fed with helping the economy recover from The Great Recession. But many politicians – primarily Republicans – criticize the central bank for overreaching and creating more problems in the long run. Yet every month when the jobs report is released, all eyes turn toward the Fed: Are the numbers weak enough to push the Fed to ease further? High enough for the Fed to tighten monetary policy? Or uncertain enough for the Fed to stay put? – The Daily Ticker
Dominant Social Theme: God among men?
Free-Market Analysis: The Fed may “stay put” but Ben Bernanke seems to be on his way out. We’ve written about this previously – as Bernanke himself has taken to saying that no one man is irreplaceable, least of all him.
But this provides those who value the institution of central banking with a conundrum. The economy is still in the doldrums and the programs that Bernanke himself put into place are still being implemented. In other words, what has begun is not yet done, and for Bernanke to walk away now will look a bit as if he is leaving unfinished business.
Continue Reading at TheDailyBell.com…
2013-04-18 12:45:16
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