It's Time for New Blood at the Fed
Posted at 9:30 a.m. on Nov. 15, 2012
Ryan Avent: “I’m tempted to argue that regime change at the Fed might require regime change at the Fed. In other words, those itching for a more expansionary monetary policy may have taken heart at Barack Obama’s re-election, since he is widely expected to name the relatively dovish Ms Yellen to the chairmanship after Mr Bernanke departs.”
“Given the hard work Mr Bernanke has done building internal support for the framework, the nomination of any present member of the FOMC to the top spot would carry such a risk. An outsider would be a better option.”
