Rethinking the Fed Chairmanship and Weighing Who's Right for the Job
COLUMN | If there was ever a time to consider what the chairman's role ought to be, now would be it. Full Story »
Posted by Samuel W. Velsor IV - via Washington PostTo:
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Before getting to the question of who will be the next Fed chairman, however, perhaps it’s worth considering what the job ought to be. Over the last two years, we’ve certainly all learned that it involves a lot more than adjusting interest rates and dissembling knowledgeably before Congress. We also saw the consequences of having left the previous chairman in the job so long that it created a cult of personality that drained the Fed of the kind of critical thinking that might have averted the recent financial crisis. If there ever was a time to reconceptualize the role of Fed chairman, now would be it.
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