Posted by Larry Doyle on August 14, 2013

The Federal Reserve was founded in 1913 and here we sit 100 years later wondering who will be the next chair of this all powerful institution.

While there is serious politicking going on for both Larry Summers and Janet Yellen, will it really matter whether it is one or the other running this institution?

Perhaps at the margin and for optics the choice of Summers vs Yellen might matter, but in the grand scheme of things neither of these individuals is going to redirect the Federal Reserve from its failed policies. You don’t think so?  Continue reading →