Caixin OnlineOpinionMagazine ColumnistDean Baker Will Obama Rewrite History with Fed Pick?
08.23.2013 16:00

Will Obama Rewrite History with Fed Pick?

That the U.S. president may be considering two people who served under Greenspan for the top job amounts to a rehabilitation of disastrous policies
By Dean Baker

There has been a major debate in Washington policy circles over who should replace Ben Bernanke as Federal Reserve Board chair when his term expires in January. The two leading contenders are Janet Yellen, the vice chair of the Fed, and Larry Summers, who served as Treasury secretary in the Clinton administration and as the head of President Barack Obama's National Economic Council in his first two and a half years in office.

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