Last week, fears began to rise over the impending exit of Fed Chairman Ben Bernanke from his current office. However, for those in the know, the move does not come as a shock as it was previously known that his term ends in January at that President Obama had not offered him the option to stay on past his term.
So, the question of who is set to succeed Bernanke becomes paramount to the future of Fed policy. Further, markets need as clear a view as possible so as to refrain from becoming disorderly on fears that a new Fed Chairman or Chairwoman would exit hastily from current policy.
Weighing the Candidates
Last week, CNBC listed several candidates for the role and gave odds on each of them assuming the post come 2014. However, let's dive into exactly what each candidate means for policy and thus for markets and the monetary stimulus that markets have come to love.
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