It does seem as if this shall be Bernanke's last, and won't do
another when his term expires later this year. As to who might be
next, the odds-on-favorite is Janet Yellen or Larry Summers. Forgive me,
neither one is the brightest bulb in the package.
Not surprising, as the current administration is not known for its
intellectual horsepower. Here, being loyal and always agreeing with
“BO” trumps the ability to effectively do your job. At one point,
he made an off-handed remark making it clear that he wants ol'
Helicopter out, and his own man in.
Expect “BO” to gleefully install his candidate, and do another
one of his patented end-zone dances.
You have been warned.
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