Fed Chairmen

Tim Geithner basically spent the last four years trying and failing, numerous times, to leave Washington, i.e. his own personal torture chamber, but according to Chaz Gasparino, the former Treasury Secretary may allow himself to be pulled back in. Sayeth CG: Read more »

Who should replace Ben S. Bernanke as Chairman of the Federal Reserve when his term ends in January 2014? If anyone cared to ask us, we’d say no one: we like our Fed Chairman soft-spoken, bearded, and just as comfortable in dad jeans as they are in their bespoke Jos. A. Bank suits. But nobody asked and, according to Andrew Ross Sorkin, Bernanke has told “close friends” that regardless of whether or not Obama wins a second term, he’s ready to move on. Apparently qualified successors are few and far between and while Larry Summers is said to be “at the top of the list,” the fact that Treasury Secretary Tim Geithner may finally be granted freedom from his own personal Guantanamo Bay and will also necessitate a replacement who will have to work closely with the new Fed Chair poses some staffing issues, on account of the perception that Summers is somewhat difficult to work with. Read more »

Mr. Bernanke said the U.S. recovery, now more than two-and-a-half years old, continues to be “modest.” He conceded the pace of growth has been slower than what the Fed expected. But he was more optimistic about the long run, saying the economy hasn’t been permanently scarred by the financial crisis. “Although important problems certainly exist, the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years,” the Fed chief told the gathering, which this year focuses on long-term growth prospects for the global economy. [WSJ]

Things look, you know bad, but really, nothing is fucked. Read more »

Facial hair, of the ‘stache variety. One used to have an epic handlebar, as evidenced by his Harvard yearbook photo and the other wears a fake and goes around asking Deutsche Bank investor relations bunnies if he can interest them in a ride. Read more »

  • 09 Apr 2010 at 3:44 PM

Joe Stiglitz: U.S. Root of World Financial Chaos

Does Joe want Bernanke’s job? Read more »