James Pethokoukis

Will Bernanke save the dollar like Volcker did?

October 9, 2009

David Goldman over at the Inner Workings blog, notes a key anniversary:

Inflation had crossed into double digits after four years of mismanagement by the Carter administration. The gold price was rising (and about to hit an all-time record when the Soviet Union invaded Afghanistan the following Christmas). America’s international position had collapsed; the European elites believed that America would lose the Cold War; America was in deep recession even while inflation soar. Volcker had no choice but to raise the federal funds rate to 15%. The dollar stabilized but the US economy went into free fall.

Kudlow on Bernanke and the dollar

August 26, 2009

The great Lawrence Kudlow is skittish about Ben Bernanke’s seeming disinterest in a robust greenback:

Around the horn

August 25, 2009

Stuff I read today that you should, too!

Bernanke’s out of control! Russell Roberts thinks Bernanke has gone overboard in reacting to the Great Recession. He might be right, though as the man who jumped out of the burning airplane with no parachute said, “First things first!”

Obama to renominate Bernanke as Federal Reserve chairman: a few thoughts

August 25, 2009

And once more, another person in Washington involved with helping create the financial crisis gets to keep his job. In a bit of a  summertime surprise,  President Obama has renominated Ben Bernanke as Fed chairman.

Too soon for a Bernanke victory lap?

August 24, 2009

It was a pretty upbeat Ben Bernanke that spoke over the weekend at the Fed conference. But a few cautionary statistics from Ed Yardeni:

Political woes could push Obama to nix Bernanke

August 21, 2009

The great Andy Busch of BMO Capital Markets draws up a scenario that could see Ben Bernanke get pushed toward the exits:

The case against Bernanke being reappointed as Fed chairman

August 20, 2009

David Rosenberg of Gluskin Sheff outlines the bear case on Ben Bernanke getting reappointed by Obama:

The case against Ben Bernanke

July 30, 2009

Over at ClusterStock, former Merrill Lynch strategist Richard Bernstein tells us why it should be “one and done” for Ben Bernanke. (He compares BB to Burns and Miller from the 1970s. Ouch!)

The Fed more unpopular than the IRS

July 28, 2009

Ben Bernanke isn’t just campaigning for his own reappointment — though that certainly is part of what’s going on. He is also bolstering the public image of the Fed, which could use some help:

Candidate Bernanke hits the campaign trail

July 27, 2009

JamesPethokoukiscrop.jpgIf Ben Bernanke were running TV ads, taking polls and holding town hall-style meetings, it wouldn’t be any clearer that he’s conducting an explicit reelection campaign for another four-year term as Federal Reserve chairman come next January. Oh, wait a second, he just did hold an unprecedented town hall meeting. And it was one worthy of a presidential candidate charming primary voters in Iowa.