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How Long Will Fed Chief Bernanke Lead Federal Reserve?

Thursday, May 16, 2013 - 5:49 AM
From NPR
The Wall Street Journal did a poll of economic forecasters, and we found that 75 percent of them expect Mr. Obama to pick Janet Yellen.

But how influential is the Fed chairman on Fed policy?
There are seven Fed governors in Washington. There's the president of the 12 regional Federal Reserve banks. The Fed has close to 300 Ph.D. economists, and that's just in Washington alone. It's definitely not a one person show. But history - recent history in particular - suggests that the chairman has an extraordinary amount of influence

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5
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,651
1. Thursday, May 16, 2013 - 9:32 AM
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Dear KenBDG,

 
The Fed has close to 300 Ph.D. economists, and that's just in Washington alone. It's definitely not a one person show.

Thanks for pointing out the fact that we've gotten ourselves some seriously outstanding talent working for us over there at the FED ... :-)

Yours Truly,
- Anon
In FED I Trust  :-)

.
2
ytytytytytytytyt158 posts since
Jan 28, 2013
Rep Points: 623
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