The choice that awaits Ben Bernanke’s heir apparent.
The New York Times is carrying a front-page article today entitled “Why So Glum? Numbers Point To A Recovery.” It is but the latest example of how The Times has turned into an propaganda instrument of the Obama administration.
Floyd Norris, the article’s author and the chief financial correspondent of The New York Times, argues that [...]
The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt […]