Interesting economic/political stuff
I've been reading articles again.
The current chairman of the Federal Reserve (Ben Bernanke, successor to Alan Greenspan in 2006) is going to turn over the reins to someone new in 2010. That will be in the term of the next president -- hopefully Obama.
Of the 7 members of the board of governers of the Fed, 3 are going to be replaced next year and Bush has ideas in mind. But a democrat from CT, Senator Chris Todd believes that Obama will win the presidency. (He might be a vice presidential candidate. He looked into running for president back in early 2007.) Dodd is chairman of the Senate Banking Committe and is blocking Bush's replacements; he wants to keep the wings open for Democrat selections.
With all the flooding in the midwest and oil prices rising, the annualized inflation rate looks to be at around 5% this year. However, the economy is weak and that will offset inflation, which means that the Fed will most likely keep interest rates where they are for now.
The current chairman of the Federal Reserve (Ben Bernanke, successor to Alan Greenspan in 2006) is going to turn over the reins to someone new in 2010. That will be in the term of the next president -- hopefully Obama.
Of the 7 members of the board of governers of the Fed, 3 are going to be replaced next year and Bush has ideas in mind. But a democrat from CT, Senator Chris Todd believes that Obama will win the presidency. (He might be a vice presidential candidate. He looked into running for president back in early 2007.) Dodd is chairman of the Senate Banking Committe and is blocking Bush's replacements; he wants to keep the wings open for Democrat selections.
With all the flooding in the midwest and oil prices rising, the annualized inflation rate looks to be at around 5% this year. However, the economy is weak and that will offset inflation, which means that the Fed will most likely keep interest rates where they are for now.