I'm not a real writer - I just play one on the internet. It is just a perspective. Really, you should not take this seriously. I'm in my underwear, eating BBQ pork rinds and blogging from the basement of my mother's house. Have a few drinks and try to take it with a grain of salt.
Yes, after nearly six tumultuous years after becoming Chairman of the Federal Reserve, Ben Bernanke is telling close friends that he will be stepping down when his term is up at the end of January 2014.
“I am very focused on my work, I don’t have any decision or any information to give you on my personal plans,” he told a news conference last month after the Fed announced a new and open-ended round of bond buying to support the U.S. economy.”
It has been no big secret in Washington that the Obama White House has been growing impatient with the slow pace in which the Fed is moving to help spur the economy. Even Republican presidential nominee Mitt Romney has stated he would not re-nominate Bernanke if elected when Bernanke’s term ends. U.S. Treasury Secretary Timothy Geithner has also said he will not be returning if President Obama wins a second term.
So... Ben "Fun Bucks Gimp" "The Bernank" "QE is my middle name" Bernanke and Tim "Money Elf that Lives in a Tree that he Forclosed Upon and Threw out that worthless Keebler Clan" Geithner are going to seek their fortunes elsewhere??? My, my what an interesting time we live in....
Don't let the screen door hit you in the ass as you leave, boys.