Yellen or Summers to replace Bernanke???
Since last week, market speculation via traders, analysts, economists..even U.S. senators are all speculating about possible Bernanke replacement.
Truly..does it matter????
The issue at hand is not, whether it should be a male instead of a female ( Janet Yellen) to represent the Fed as some are indicating that Summers was the main reason for the creation of the “Financial crash in 2008”. The topic should be…will the newly appointed “Fed Chairman” if it happens..implement a “new solution” instead of the “stimulus injection” process that is causing a future “debt bubble burst”.
We all know that the FED’s ‘cards are displayed’ via Bernanke Press Conference after FOMC commentary & the infamous Bernanke Speech followed after, there is no other option but to just continue with the ‘digital printing’. In fact, Japan, U.K. and the ECB has continued this process. The FED has been a major influence for other central banks to continue this option. A new direction is required and if the U.S. is considering to take the ‘lead’ they will need to provide confidence to investors and the markets that they ‘can control their current bubble’. Also, can the USD remain the reserve currency if the situation has not changed??
The question is….will that be the FED’s agenda..or continue with ‘status quo’.