• SHARE

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.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW