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HomeWon’t Have Larry Summers to Kick Around Anymore
Posted by Larry Doyle on September 16th, 2013 10:51 AM |
I have no doubt that Larry Summers’ choice to withdraw from his well known desire to be the chairman of the Federal Reserve only came at the behest of the White House.
I firmly believe that President Obama and the most senior execs on Wall Street wanted their pal Larry to be the next Fed chair.
As it became increasingly obvious that a Summers nomination would have required an expenditure of significant political capital, the administration likely told Larry to do the honorable thing and step aside gracefully.
Most observers know that Summers is not typically defined as graceful, but rather more akin to a lighting rod. As seen in this brief Bloomberg clip: (more…)
Bhide: Wanted: A Boring Leader for The Fed
Posted by Larry Doyle on August 21st, 2013 7:22 AM |
So who should be the next chairman of the Federal Reserve?
While we are fed a regular diet of drivel from those who might believe they know what is in the best interest of our nation, these political insiders might want to look a little further for truly informed opinion. To whom should they listen?
I would suggest they lend an ear to Amar Bhide, a professor at the Fletcher School of Law and Diplomacy at Tufts University, who provides real sense on cents on this topic. (more…)
