Alan Blinder: A Voice of Reason for the Fed
Bernanke’s term as Chairman of the Federal Reserve ends on January 31, 2010. There seems to be a silent understanding that there are two possible outcomes:
- Summers slips into the role
- Bernanke stays
Both of these outcomes would be dreadful. It is not too early to start making noises now. The one person that stands out in my mind who should be the next Fed Chairman is Alan Blinder. Hands down. Throughout this crisis, he’s been a voice of reason. Bernanke, on the other hand, has been a bumbling disappointment.
I hope we can start a discussion early so that people are well informed ahead of time. These are challenging times and we need someone at the Fed we can feel confident about.
My vote would be to nominate Alan Blinder for Chairman of the Board of Governors of the Federal Reserve. Help make it happen.