It’s a crucial time for the Fed.
Today the Federal Open Market Committee could decide to begin tapering bond purchases as it starts to dial back an unprecedented stimulus. And we’re set to get a nominee for Fed chair anytime now to take over for Ben Bernanke when his term ends January 31, 2014.
The Daily Ticker sat down with director Jim Bruce, who interviewed many Fed officials - past and present - for his new documentary “Money for Nothing: Inside the Federal Reserve" to pick his brain about his biggest Fed takeaways.
Related: Fed Chair Hopefuls Are “Lapdogs for the Establishment”: Jim Rogers
Bruce says Fed Vice Chair Janet Yellen, now the frontrunner for the top job, has the right characteristics for Fed chair: “integrity, and she’s tougher than some people think she might be. She’s known as a dove but I think she’d be willing to stand up to a lot of pressure, which you want in a Fed leader.”
However Bruce is worried about whether Yellen has the right ideas about Fed policy and
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