Romney and the Fed


Romney (Photo credit: Talk Radio News Service)

While President Obama reappointed Fed Chairman Ben Bernanke to a second term as Fed chief, Governor Mitt Romney has made no secret of his opposition to keeping Bernanke in charge of monetary policy. The Washington Post speculates about possible Fed appointees in the event of a Romney Administration.  Among the potential candidates:

  • John Taylor:  The Stanford University economist and Treasury undersecretary during the Bush Administration has emerged as the leading Fed critic.
  • Glenn Hubbard:  The Dean of Columbia Business School and former Chairman of the Council of Economic Advisors to President George W. Bush is also a longtime Romney economic advisor.
  • Martin Feldstein:  A veteran of the Reagan Administration and current Harvard professor has been called the “dean of conservative-leaning economists.”
  • Greg Mankiw:  Another Bush Administration Council of Economic Advisors chair, Mankiw has advised Romney from his seat as the chairman of Harvard’s economics department.
  • Kevin Warsh:  At 35, the youngest ever appointed to the Federal Reserve Board, Warsh is a fellow at the Hoover Institution, a prime incubator of high-level GOP economic appointees.

Bernanke’s current term expires on January 31, 2014.