From our correspondent in Washington
Barack Obama1 already talking about Ben Bernanke2 to imperfect. It gave the President of US3 during a television interview signal, in addition to other evidence upon which to conclude that the mandate of the head of the Federal Reserve could not be renewed in January. The news is much more important than EDF4 is preparing to negotiate a difficult corner: if growth continues unabated too, we see the U.S. central bank by winter, or by the fall, mitigate gradually exceptional measures to support the supply of credit agreed last year. This perspective makes extremely nervous markets.
"Ben Bernanke has done an extraordinary job … he's already stayed up longer than it wanted and he was supposed to stay" Barack Obama dropped in response to the question of whether he would propose that the man who runs the Fed since 2010 is appointed for a third term.
The first indication of an intention to depart from Ben Bernanke fell several weeks ago when he said he would not attend the symposium in Jackson Hole, "high mass" of central bankers held in late August in Wyoming. Moreover, for months, the American press reported that Janet Yellen are favorites to succeed him. If this information was not accurate in the White House would have found channels to deny. But she did not.
Manage the "exit"
Janet Yellen, 66 years old, is already Vice-Chair of the Board of Governors of the Fed. Economist graduated from Yale, the disciple James Tobin was originally part of the framework of the Fed, before serving as an advisor to President Clinton, and then return to the central bank as president of the District of San Francisco personal business card. It is made out by warning his colleagues, in 2007, against the dangers of the real estate sector was running the financial system and the economy. She vigorously defends the inclusion of historically high unemployment as a factor justifying the continuation of unusually generous monetary policy today. If his candidacy to head the Fed was introduced in the Senate by Barack Obama, elected Republicans already critical of zero interest rates and purchase of debt charged by the Fed, would not fail to be moved.
In March, Ben Bernanke stated to have "a little" talks about his future with the U.S. President. "I do not think the only person in the world who can manage the exit," he had argued. "The Exit" is the term chosen by the professionals of monetary policy to describe the gradual dismantling of extraordinary and unprecedented measures implemented in the emergency since 2008 by the Fed to limit the effects of the financial crisis and to stimulate a rebound in demand.
Following a two-day meeting, the Monetary Committee of the Fed will release Wednesday a highly anticipated release. In the wake of Ben Bernanke will hold a press conference to explain the intentions of the Fed. It will certainly be questioned on this occasion his desire to remain in office.Many affordable individual health insurance products are available for practical and smart consumers of the modern period.