One and Done for Bernanke?

Slow Fed action on the credit crisis might limit its chairman to a single term.

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The whispers are getting louder: Ben Bernanke might be a one-term Fed chairman. (Alan Greenspan served, by the way, from 1987 to 2006.) This from economist David Hale in the Financial Times:

Ben Bernanke, the Fed chairman, does not want to preside over an election-year recession when the core inflation rate is barely 2 percent. That could jeopardise his chances of winning a second term in 2010.

Expect to hear more of that sort of talk.

Bernanke, Ben
Federal Reserve

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