Is The Fed Chair Succession Too Politicized? | WAMU 88.5 - American University Radio

Is The Fed Chair Succession Too Politicized?

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Federal Reserve chairmen used to be named without much fanfare. Not this time. A very public competition between former Treasury Secretary Larry Summers and the current vice chairman of the Fed Janet Yellen has made headlines and pitted the White House against liberal Democrats in Congress. It raises the question of whether the Fed succession has become too politicized — and whether it could ultimately hurt the economy.
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