There is no such thing as an easy vote in the current U.S. Senate, but Janet Yellen should have a relatively smooth path to confirmation if she is nominated by President Barack Obama to head the Federal Reserve. Obama is expected to announce his decision in coming weeks and a White House official has said…
Lawrence Summers, a former top economic aide to President Barack Obama and a Treasury secretary under President Bill Clinton, has withdrawn from consideration to succeed Ben Bernanke as Federal Reserve chairman, the president said on Sunday. “Earlier today, I spoke with Larry Summers and accepted his decision to withdraw his name from consideration for Chairman…
As the clock ticks down to Barack Obama’s final decision on Ben Bernanke’s replacement to head the Fed, it seems more and more certain that Larry Summers, the controversial former Treasury Secretary, will get the nod. But in elite financial circles, it has been Stanley Fischer, a naturalized-American and the former head of the bank…
Crossposted From Under the Fig Tree Right on the heels of last week’s post about the relationship of Jews and capitalism comes this cold dose of historical reality: Henry Ford’s claim that the Jews controlled the Federal Reserve Board. I had known, of course, that the automobile tycoon was no friend of the Jews, but…
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