The Coming Fed Fight
TILBURG – There is no longer much doubt that Mitt Romney will be the Republican Party’s nominee to challenge President Barack Obama in the United States’ presidential election in November. If Romney wins, 2013 will most likely be Ben Bernanke’s last year as Chairman of the Federal Reserve.
Indeed, since the Republican primaries began, every candidate has indicated that Bernanke must go. Romney is no exception, claiming that Bernanke has overinflated the money supply, and saying that, “I’d be looking for somebody new.”
Bernanke’s current term as Chairman will end at the beginning of 2014. While he could remain a board member until 2020, he would surely resign immediately if he were not re-appointed.