QOTD: The Economist On Barry's Fed Debacle - Granite Grok

QOTD: The Economist On Barry’s Fed Debacle

After lamenting the hash Obama made of promoting Larry Summers as the best man for the job, The Economist (which leans left toward stimulus) opined that the Fed would be fine in the end(!) but:

“Mr Obama’s second term may be another matter. He had called the selection of the Fed chairman one of the most important economic-policy decisions of his second term, yet he has managed, through no one’s fault but his own, to make a hash of it. It bears an uncanny resemblance to his apparent retreat over the use of force in Syria, which also started with some off-the-cuff remarks and ended with a failure to properly read Congress. After two self-inflicted debacles within weeks of each other, one on foreign and the other domestic policy, Mr Obama can ill afford another.

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