Mr.Bernanke, having shown real commitment to the unemployment rate and keeping the bond buying program intact, having helped the runaway deficits with record low interest rates, having stopped a huge recession is ready to move on.
Take a bow, Ben.
Despite the tough years, perhaps Mr. Bernanke will be remembered fondly and well. Lacking the panache of Greenspan, or the flamboyance of the dragon slayers before him, Ben still spoke softly, but clearly. Ben will be remembered in the years to come as Helicopter Ben. And true to form, he kept the chopper still in the air, even as he got ready to parachute out and take the long walk to his next avatar.
It could have been better, it could have been worse, but it is where it is. His successor will have to contend with deficit, as well as the growing entitlements and wonder if the ghosts of Fed before, leave him little room, but to tighten. Yet Ben leaves the US better than what he inherited. For the next
Fed Chairman, there will time to get the hang of the job. We all hope the next Chairman is as tough
and measured as this one.
Take a bow, Ben.
Despite the tough years, perhaps Mr. Bernanke will be remembered fondly and well. Lacking the panache of Greenspan, or the flamboyance of the dragon slayers before him, Ben still spoke softly, but clearly. Ben will be remembered in the years to come as Helicopter Ben. And true to form, he kept the chopper still in the air, even as he got ready to parachute out and take the long walk to his next avatar.
It could have been better, it could have been worse, but it is where it is. His successor will have to contend with deficit, as well as the growing entitlements and wonder if the ghosts of Fed before, leave him little room, but to tighten. Yet Ben leaves the US better than what he inherited. For the next
Fed Chairman, there will time to get the hang of the job. We all hope the next Chairman is as tough
and measured as this one.
