The Fed Succession

Fred Krugman writes for The New York Times: “Rumors flying all over; supposedly it’s between Janet Yellen, the obvious choice, and Larry Summers, with totally unsubstantiated claims that LS’s star is rising. So I guess that, despite an intense desire to stay out of the whole thing (I know and admire both players), I need to say something — not an endorsement, but some sense of how I and others I talk to see this.”