Larry Summers Withdraws From Consideration for FED Chair

Ad Orientem · Post by **Ad Orientem** » Sun Sep 15, 2013 4:11 pm

Breaking news...

Post by **MediumTex** » Sun Sep 15, 2013 10:10 pm

The markets will like that.

Kshartle · Post by **Kshartle** » Mon Sep 16, 2013 6:50 am

He must have been the lesser of two evils. We almost always get the worst one. I expected Yellen because I thought she would be worse. That is usually the safest bet when it comes to political appointments. "Who would do the most long-term damage........."

Reub · Post by **Reub** » Mon Sep 16, 2013 10:13 am

I heard someone say that there are 4 or 5 soon-to-be openings on the Fed and that when Obama is through replacing them the Fed will be drastically changed for the next 10 years. They will be able to target their buying to the recipients of their choice.

Ad Orientem · Post by **Ad Orientem** » Mon Sep 16, 2013 10:45 am

The FED's buying is constrained by the Federal Reserve Act. This is why they never purchased municipal or corporate bonds. But I am bracing for a much more activist FED. On a side note Obama has been taking a lot of lumps lately. Between Russia upstaging him and now this fiasco the White House staff are looking like the cast of a third rate comedy.

Larry Summers Withdraws From Consideration for FED Chair

Larry Summers Withdraws From Consideration for FED Chair

Re: Larry Summers Withdraws From Consideration for FED Chair

Re: Larry Summers Withdraws From Consideration for FED Chair

Re: Larry Summers Withdraws From Consideration for FED Chair

Re: Larry Summers Withdraws From Consideration for FED Chair