It seems to me that Obama has already given Bernanke the boot. So I wonder, perhaps Bernanke was no longer on board with further QE subsidization of government debt, which lets face it will rear its ugly head in a few months. What would a bigger dove like Yellen mean for the markets, assuming QE to at least the elections in 2016? Would the markets respond positively to such a change? Because I think thats exactly whats coming. Obama will do whatever he can to avoid a market meltdown before mid-term elections.
i agree with that, I just wonder if he was "forced out", perhaps because of philosophical differences. I can see how he might not be dovish enough for Obama, particularly if he's worried about his legacy