Good news: welcome to the first chairwoman of the Federal Reserve.

I'm not entirely sure why Bernanke is leaving; but if she meets whatever standards they've used in the past for Chair selection, great. I think this is one of the positions where demographic firsts should be a tertiary factor, if at all.

 

Donald Kohn is apparently still in the mix too.

 

Agreed - this is arguably the most important nomination a President makes. The Fed Chair can create or destroy tens of billions of dollars with one spoken sentence. Larry Summers would have been a disaster, and it's disappointing that he was the frontrunner. It's great that so many people were outspoken about how terrible an idea it was and forced him to withdraw.

 

good luck with that taper

like being handed a ticking time bomb

 

volker
greenspan
bernanke
summers
yellen
kohn

...apparently only jewish candidates are qualified to fill this position

 

Looking forward to 8 more years of failed fed policy. But it's a woman this time so it's ok.

 

Maybe since color television; but academia, finance and the federal government had their fill of anti-semitism for the entire first two-thirds of the last century.

 

People have been criticizing the Fed for the last 5 years and, so far, they have consistently been wrong about everything they predicted would go wrong. We were supposed to be in the midst of hyperinflation hell right now according to the naysayers.

 

Doesn't matter who gets nominated, they're all Keynesian true believers in QE4Ever

Outside of maybe Rand Paul nobody in Washington DC wants to put hard questions to the Fed about easy money. The Fed mostly exists to monetize Congress' runaway spending and artificially support equity and housing markets to paper over the lack of real wealth creation in a debt fueled consumption based economy.

 

It would be awesome if Richard Fisher got selected. The markets would do a u-turn from their Summers rally lol.

 

It's interesting how good economic news (no matter how minor) is now considered a negative as far as the markets are concerned.

Unemployment is down? ****, there goes the gravy train and here comes the taper.

Good luck coming up with that exit strategy Ms. Yellen.

 

More than likely Bernanke didn't want to go down in history as the man who presided over the collapse of the U.S. / world economy.

 

Are you saying that it's going to collapse or that Greenspan's tenure well into the run-up of bad mortgage lending and trading is overlooked, along with Bernanke's corrective measures?

 

I just found a quote from Bernanke...

 

I'm not blaming the fed head so much as Obama. I said he probably just didn't want to be the chairman who presided when government policies fail. I hope we muddle through, but IMO Obamacare likely will sink us.

 

Lookign forward to 8 more years of alternate reality from inflation truther wack-o's.

 

Eh. The infamous taper tantrum was all of a 4% drop from all-time highs and took a few weeks to rebound from and reach new highs. While the CNBC types flip out, it's a blip on the radar in reality.

If a taper is confirmed at this week's Fed meeting, you'll see a few days of down moves and then everything will be calm again.

 

LOL, keep effing that chicken, thumbs.