Tuesday, June 23, 2009

Summers for Bernanke as Fed Chairman?

Rumor has it that Larry Summers will replace Ben Bernanke as Fed Chairman when his term is up in January. Summers is Obama's Director of the National Economic Council (NEC). Further, the rumor on Wall Street is that Summers agreed to be Obama's Director of the NEC as long as Obama appointed him as Fed Chairman in January 2010. I don't have a problem with replacing Bernanke but NOT with Summers. Now, lets work on a replacement for Tim Geithner as Treasury Secretary.

No comments: