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The replacement for Ben Bernanke as Fed chief looks increasingly to be down to Janet Yellen and...

The replacement for Ben Bernanke as Fed chief looks increasingly to be down to Janet Yellen and Larry Summers, reports the WSJ. It marks a big catch-up for Summers as Yellen for months was thought to hold the front-runner spot by herself. Summers has been a member of the Obama administration so there's a comfort level within the White House, while Yellen has been a key Fed insider for years.
Comments (11)
  • WisPokerGuy
    , contributor
    Comments (794) | Send Message
     
    I agree 100%. Larry Summers is an absolute clown.
    24 Jul 2013, 05:00 PM Reply Like
  • TFCAB
    , contributor
    Comments (1956) | Send Message
     
    i agree w/ the above; Summers is a joke
    24 Jul 2013, 05:15 PM Reply Like
  • Kyle Spencer
    , contributor
    Comments (1012) | Send Message
     
    Yellen is the one that's been groomed for it, but she's facing an uphill slog due to the Gent's Only Club that is the Fed Board of Governors.
    24 Jul 2013, 05:45 PM Reply Like
  • marc heilweil
    , contributor
    Comments (114) | Send Message
     
    John Taylor is the right choice for the country and the President. His policies would give much greater clarity to conditions and encourage business confidence to hire and invest. the President could try to get some agreements from Republicans in exchange for this appointment which would signal some consensus on working for the country' well being.Taylor has had key jobs under 4 presidents. Jimmy Carter's appointment of Paul Volcker was perhaps the best accomplishment of his tenure
    24 Jul 2013, 06:19 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (794) | Send Message
     
    LOL

     

    I read the line "the President could try to get some agreements from Republicans" and almost choked.

     

    I'm sorry... what fantasy land are you living in?
    24 Jul 2013, 08:10 PM Reply Like
  • marc heilweil
    , contributor
    Comments (114) | Send Message
     
    please read my comment carefully. this country has problems and calling an accomplished public figure a clown does nothing. My comment is admittedly a long shot but at least I tried.
    24 Jul 2013, 08:20 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (794) | Send Message
     
    I understand what you are saying however, you have to realize that the Dems and Reps couldn't decide on where to have lunch in the current political environment let alone negotiate any agreement on Fed policy. Sorry... that just will NEVER happen.

     

    As for Larry Summer being an "accomplished public figure"? Well, he is a public figure I admit that. However, I stand by my previous comment. He's a Clown with a capital "C".

     

    And before I get blasted for being too Democratic or too Republican I would like to point out that I treat BOTH political parties with equal disdain. A pox on both their houses.
    24 Jul 2013, 10:08 PM Reply Like
  • Zeus2012
    , contributor
    Comments (697) | Send Message
     
    If Summers gets the nod, you'll at least get some "interesting" and potentially "colorful" exchange between him and Ester George (Kansas City Fed). The Minutes then would be fun to read.
    24 Jul 2013, 06:20 PM Reply Like
  • rg.williams
    , contributor
    Comments (65) | Send Message
     
    Fun minutes is not what I'm looking for from the Fed.
    24 Jul 2013, 07:57 PM Reply Like
  • TRADE SECRET
    , contributor
    Comment (1) | Send Message
     
    Get rid of the fed
    24 Jul 2013, 08:23 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4011) | Send Message
     
    I'm touting Janet Yellin. The only thing that will help my mining shares is more printing.
    24 Jul 2013, 10:56 PM Reply Like
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