Christopher Swann is a Reuters columnist. The views expressed are his own –
NEW YORK, July 15 (Reuters) – Leaders seldom turn down the opportunity to empire-build, and Ben Bernanke appears to be no exception.
The Federal Reserve is entering a period of transition as a two-day meeting concludes today. Many questions remain on whether a recovery can take hold and on whether the central bank should start withdrawing from the extraordinary measures it took during the financial crisis. This may also be the beginning of the end of the Bernanke era at the Fed: President Obama must decide by next year whether to renominate the Fed chairman, whose term expires at the end of January.