Handicapping the Contenders to Replace Bernanke
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Jan. 21 (Bloomberg) -- Over the past four years, theFederal Reserve has become the most important branch ofgovernment. It has acquired unprecedented powers over almost allaspects of American life. It has also become much morepoliticized than at any time in living memory. Expect furtherattacks on its independence and integrity at election time. Thespirit of Andrew Jackson lives on.
And now we see clear signals that the Fed is likely to havea new chairman soon. Who will run the central bank and what doesthe choice of top leadership mean for the country?