President Obama announced this morning that he is going to nominate Ben Bernanke for reappointment as Chair of the Federal Reserve. And we already have many reactions in the Econoblogosphere.
Greg Mankiw gives congrats to the President, and condolences to Bernanke.
Brad DeLong agrees with Greg Mankiw (not an isolated incident, but rare nonetheless). And while DeLong is "surprised" Bernanke is being reappointed, he thinks the Fed Chair "is one of the best in the world for this job."
David Kotok of The Big Picture writes that "markets will like the removal of uncertainty," but Bernanke has to recognize that the Fed can't go it alone and "needs to find a path for coordinated action when the time to remove the stimulus is at hand."
And Phil Izzo compiles quotes from supportive economists at the Wall Street Journal's Real Time Economics blog. Read their comments here.
Posted
08-25-2009 10:36 AM
by
Graham Griffith