Daily News: August 19, 2013

Bloomberg: Fed Chair Debate Pits Insider Against Outsider

Bloomberg reported that much of the debate over who will be the next U.S. Federal Reserve chairman has focused on whether gender politics or the future of Fed monetary policy will be more determinative.

The article noted that of the two leading candidates, Janet Yellen, the Fed’s vice chairman, favors staying the course on the central bank’s loose money policy, known as quantitative easing. Larry Summers, the former Treasury secretary, National Economic Council director and Harvard University president, apparently prefers to begin winding down the program.

To read the full Bloomberg article click here.