Tuesday, April 30, 2013

Bernanke Watch: Is He Eyeing the Exit Doors?



From CNBC: As the Federal Reserve meets this week, it's nearly a given on Wall Street that Chairman Ben Bernanke will not be presiding over the Fed at this time next year.  But the question is: Who will take his seat? The widespread belief is that it will be Vice Chair Janet Yellen. If that's true, will it be a seamless transfer of the policy baton? Bernanke has just six meetings left — his second term ends in January 2014.

Bernanke has not said whether he's going to leave, but some Fed watchers say the latest signal came earlier this month when it was announced that he would not attend the annual Fed symposium in Jackson Hole this August….


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