WASHINGTON – Was this necessary?
The struggle to succeed Ben Bernanke as chairman of the Federal Reserve has turned into a soap opera. Bernanke, it is widely assumed, has told President Barack Obama that he doesn’t want a third four-year term — or has been informed that he won’t be reappointed. This has triggered a highly public campaign by partisans of the two leading contenders for the job: Lawrence Summers, ex-treasury secretary (in the Clinton years) and former Harvard president; and Janet Yellen, the Fed’s present vice chairman. Both are economists.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.