Didn't Romney promise he would appoint a new Fed chairman once he got into office? Please tell me it's true. No wonder Bernanke did QE infinity in the hopes of keeping his job.
If Republicans win, they will undoubtedly remove the dual mandate and Bernanke will stop printing money. There will be nothing for Bernanke to do and hopefully he will quit.
Bernanke's term extends to Jan 2014, regardless of who is president.