Friday, September 6, 2013

A NEW FEDERAL RESERVE CHAIRMAN TO REPLACE BEN BERNANKE

While we are focused on the fiasco in Syria and the debacle of a "Commander in Chess" player, Washington and the Obama Administration continue to make decisions about our future, this time in the form of a new Federal Reserve Chairman to replace Ben Bernanke

Is an Obama fight with his own party to elect Larry Summers Worth another risky chess play? Will a battle with his own party over a Janet Yellen pick be in his political best interest?

QUOTE:

"Former Treasury Secretary and Harvard President Lawrence H. Summers is reportedly Obama’s top choice for the most important job in all of economics. But Summers is not without his fair share of detractors, especially among Democrats, who in increasingly large numbers prefer current Vice Chairwoman Janet Yellen.

Yellen would be the first female Fed chief and has been embraced by the left, perhaps because progressives find her more qualified but also because they just don’t like Summers. This week, Sen. Mark Begich, D-Alaska, came out against Summers, and an aide to the senator said he plans to send a letter to the White House by week’s end outlining his concerns with the controversial candidate."

Be alert and aware when you are focused on any current issue, because behind your back, important issues are being decided upon without your knowledge. Keep your eye on this Federal Reserve pick. 

READ THE ARTICLE:

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