As Fed Governor Bernanke supported the flawed policies of Alan Greenspan - he never recognized the housing bubble or the lack of oversight - and there is no question, as Fed Chairman, Bernanke was slow to understand the credit and housing problems. And I'd prefer someone with better forecasting skills.
Game theory would have it this is the safe pick, the one that you cannot get into trouble for, even if things go bad later.
A new Fed Chair, in the event something went awry down the road would lead blame back to the White House.
No comments:
Post a Comment