From everything I have read he seems eminently qualified.
Furthermore this selection seemed like it was a foregone conclusion. I had an economics professor last year who had flat out asserted that Bernanke would be the next Fed Chair, and he seemed to have no qualms with it.
At any rate, on the topic of qualifications, he seems to have what Miers lacks and Roberts has, a pedigree that pointlessly inspires confidence (it was funny how the New York Times made included that he was from Princeton in the headline). But when it comes to qualifications, the better question is whether he will be as fierely independent as he should (as Volcker was and Greenspan tended to not be). Or if he will have the magic touch that Greenspan seemed to employ. Obviously we'll see, but it seems like a good pick that everyone knew was coming.
1 Comments:
From everything I have read he seems eminently qualified.
Furthermore this selection seemed like it was a foregone conclusion. I had an economics professor last year who had flat out asserted that Bernanke would be the next Fed Chair, and he seemed to have no qualms with it.
At any rate, on the topic of qualifications, he seems to have what Miers lacks and Roberts has, a pedigree that pointlessly inspires confidence (it was funny how the New York Times made included that he was from Princeton in the headline). But when it comes to qualifications, the better question is whether he will be as fierely independent as he should (as Volcker was and Greenspan tended to not be). Or if he will have the magic touch that Greenspan seemed to employ. Obviously we'll see, but it seems like a good pick that everyone knew was coming.
Cheers,
Mr. Alec
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